Levi's CEO Says It's Going to Be a Slow Recovery

The transcript discusses the impact of the pandemic on a global retail company, highlighting store closures, revenue decline, and the shift to ecommerce. It explores changes in consumer behavior, noting that denim remains popular despite the rise of athleisure. The company capitalizes on the demand for masks, seeing it as a significant business opportunity. Looking ahead, the company anticipates a challenging holiday season, focusing on inventory management and adapting to changing consumer habits.

What was the percentage drop in revenue during the company's second quarter?

• 50%

• 62%

• 80%

• 70%

Which apparel category remains more popular globally despite the pandemic?

• Athleisure

• Sportswear

• Denim

• Formal Wear

What new business opportunity did the company discover during the pandemic?

• Hand sanitizers

• Reusable masks

• Home office furniture

• Online fitness classes

How much did the company lose in sales expectations due to the pandemic?

• 3 billion dollars

• 2 billion dollars

• 1 billion dollars

• 500 million dollars

What is the company's strategy to manage inventory during the pandemic?

• Expand store locations

• Increase production

• Reduce prices

• Tightly control inventory

What is the company's expectation for the holiday season?

• It will be canceled

• It will be similar to previous years

• It will be muted and different

• It will be a record-breaking season

What is the company's outlook on gaining market share post-pandemic?

• They expect to lose market share

• They expect to maintain current share

• They are unsure about market share

• They expect to gain market share