The American apparel company Levi's, known for it's denim, it goes as much as 15 per cent of the kantoorbanen dropping worldwide, the company on Tuesday at the presentation of the results. A total of disappear in about seven courses out of the shops and factories to make.
The reduction is due to the blow to the clothing retailer has been in the coronacrisis. In the second quarter, when the corona virus to be around her and the governments of the world lockdownmaatregelen passed, posted, Levi's reported a net loss of 394 million dollars (349,5 million).
"We got the year off to a good start, but it's a worldwide pandemic and subsequent economic downturn will have a significant negative impact on our results in the second quarter, as the majority of our stores are closed," he writes, Levi's ceo Chip Bergh.
finally, The jeansmaker, delete a portion of the lost revenue from retail sales to be offset by online sales, but in spite of a doubling of the turnover is from online sales in may, compared with the previous year, it could be that the coronaschade is not at all productive. Due to seven hundred jobs are to be deleted, it hopes to Levi's annual 100-million-dollar savings, as well as the losses.
you can even say that the outlook for the remainder of the year is better, but it is emphasized that the effect of the coronavirusuitbraak is still very uncertain. The company believes the revenues, cash flow and earnings until at least the end of 2020, it is negatively affected by the virus outbreak.