Levi Strauss shuts stores over coronavirus. The American denim company which has over 50,00 retail locations and over 3,000 brand-dedicated stores and shop-in-shops has decided to close all of its stores in the United States and Canada as of today through March 27.
The company joins Nike, Lululemons, Supreme, Patagonia, Urban Outfitters, Abercrombie & Fitch, among others in this series of closures to combat the spread of Covid-19. Last Friday, president trump declared a national emergency over the coronavirus, which consequently prompted a number of companies to close their stores.
In 2019, Levi Strauss ended the year with a net income of $395 million, up 39% compared to the previous year. The group’s net revenue grew by 3% as a whole, to $5.8 billion, mainly boosted by its European business.