Levi Strauss Expands Product Line as White Denim Sales Surge
Levi Strauss is expanding beyond denim into shirts, sweaters, dresses, and other lifestyle products while targeting a wider range of budgets. The company reported that white denim sales surged by 70% during its fiscal second quarter. Bank of America analyst Kendall Toscano reiterated a Buy rating for Levi Strauss stock with an updated $27 price target.
Topics: fashion retail expansion stock analysis