Levi Strauss & Co (LS & Co) recently revised its projections for revenue growth for the current fiscal year. The company anticipates revenues will rise by approximately 1 per cent this fiscal compared to the previous guidance of 1 per cent to 3 per cent.
This updated forecast follows the company's October trading update, where it narrowed its full-year revenue outlook to the lower end of the previous range, raising concerns about softening demand for its apparel.
The denim giant recently appointed Artemis Patrick, President and CEO, Sephora North America, to its board of directors, effective February 1, 2024. Patrick will also join the audit and nominating, governance, and corporate citizenship committees, effective March 1, 2024.
With an experience of over 19 years at the LVMH-owned Sephora, Patrick brings a wealth of experience to LS & Co. In her current role, she oversees the strategy, vision, and financial performance of Sephora's US and Canadian operations.
A proven leader with a strong track record in merchandising, brand building, and e-commerce, Patrick’s expertise will prove invaluable to LS & Co as the company strengthens its position in the retail and apparel industries and enhances its omnichannel retail capabilities, says Bob Eckert, Chairman, Board of Directors, LS & Co.
