Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Monday, April 11 2022 - 12:00
AsiaNet
Levi Strauss & Co. Accelerates Sustainable Growth with Aggressive Expansion Strategy
SINGAPORE, April 11, 2022 /PRNewswire-AsiaNet/ --

East Asia Pacific to reinvent, refresh and open new stores at more than 100 
locations


Levi Strauss & Co. (NYSE: LEVI) today announced ambitious plans to accelerate 
sustainable business growth and drive commercial success in the East Asia 
Pacific (EAP) region. Central to the growth strategy is the diversification of 
the business across geographies, apparel categories and distribution channels. 
Levi Strauss & Co. will be launching new stores and rolling out existing store 
refreshes and new in-store services throughout the region.

Among the new stores to be launched this year are Levi's(R) stores in countries 
including Japan, Australia, Indonesia, Singapore, Malaysia and Thailand. Levi 
Strauss & Co. will refurbish a number of retail stores and shop-in-shops into 
NextGen Indigo stores, offering an elevated store experience that uses digital 
tools to streamline the consumer journey, including installing LED portal entry 
archways and LED screens for marketing content. Select stores in the region 
will introduce in-store tailoring services to offer greater personalization. As 
the retail market finds its new equilibrium, Levi Strauss & Co. will focus on 
omnichannel engagement, leveraging the hybrid customer experience model.

"We are committed to the future success of our business at every level and are 
reimagining what we do and how we win in today's marketplace. At the same time, 
we are embracing the technologies of tomorrow to power innovation and better 
serve our customers and deliver greater value to stakeholders. We will do this 
by placing people at the heart of our business and through responsible 
practices because being a force for positive change is integral to being the 
world's best apparel brand," said Nuholt Huisamen, Managing Director and Senior 
Vice President at Levi Strauss & Co.

Whilst drawing on the brand's 169-year heritage to drive key category growth, 
Levi Strauss & Co. is redoubling its digital transformation efforts. The global 
leader in jeanswear will leverage digital, data and AI to stay ahead of trends, 
drive efficiency and innovation in the product creation process, deliver 
omnichannel offerings, claim its space in the direct-to-consumer (DTC) sphere, 
and ultimately enhance the consumer experience.

As a company led by its core values of empathy, originality, integrity and 
courage and with a strong focus on diversity, equity and inclusion (DE&I), Levi 
Strauss & Co. has always been a destination for top talent. Throughout the 
pandemic, the company rolled out numerous initiatives to support employees in 
the offices, retail stores, distribution centres and manufacturing plants 
including providing flexible work arrangements, additional resources, and 
financial support. Through the Red Tab Foundation, the-first-of-its-kind 
employee hardship fund, the company provided approximately $2.4M in financial 
support to more than 1,800 individuals in 2021. Primarily funded by employees, 
shareholders and retirees, this unique concept helped our community with 
everyday hardships, natural disasters and the financial impacts of the COVID-19 
pandemic. As part of its DTC strategy, the company also provided learning 
opportunities to existing staff to upskill themselves through training and 
development programs such as a Machine Learning Bootcamp to equip employees 
with the tools they need to thrive in a changing and increasingly digitalized 
economy.

On the Environmental, Social and Governance (ESG) front, Levi Strauss & Co. has 
pegged its targets to measurable metrics and remains committed to responsible 
and sustainable practices outlined in its 2020 Sustainability 
Report(https://www.levistrauss.com/sustainability-report/). The company is on 
track to achieving its 2025 Water and Climate Action Strategy targets. 
Initiatives include Water<Less(R) finishing techniques that have enabled 
billions of liters of water to be saved; reducing emissions across the supply 
chain; driving innovation in sustainable materials and designs through 
Wellthread(TM); and advocating ethical consumerism through the Levi's(R) Buy 
Better, Wear Longer campaign, these initiatives embody the company's move to 
develop and implement circular products and practices

Levi Strauss & Co. also continues to be a strong advocate for social justice 
issues and equality for women, marginalized ethnic groups and workers in the 
region. To support individuals in need, Levi Strauss & Co. contributes a 
portion of its earnings to improve the conditions in local communities. This 
legacy of giving began with a $5 donation from modest profits over 160 years 
ago. Additionally, the Levi Strauss Foundation has donated more than $340 
million in proceeds and organized programs, employee volunteerism and public 
support. In 2021, employees donated over US$1.5 million and completed 12,871 
volunteer hours.

About Levi Strauss & Co. 

Levi Strauss & Co. (LS&Co.) is one of the world's largest brand-name apparel 
companies and a global leader in jeanswear. The company designs and markets 
jeans, casual wear and related accessories for men, women and children under 
the Levi's(R), Signature by Levi Strauss & Co.(TM), Denizen(R), Dockers(R) and 
Beyond Yoga(R) brands. Its products are sold in more than 110 countries 
worldwide through a combination of chain retailers, department stores, online 
sites, and a global footprint of approximately 3,100 retail stores and 
shop-in-shops. Levi Strauss & Co.'s reported 2021 net revenues were $5.8 
billion. For more information, go to http://levistrauss.com, and for financial 
news and announcements, go to http://investors.levistrauss.com.

Source: Levi Strauss and Co.

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