Covid-19
COVID-19 pandemic kills skinny jean trend, says denim maker
There’s good news for Americans who packed on the pounds during the pandemic – skinny jeans are no longer in style.
Levi Strauss & Co CEO Chip Bergh said consumers were getting away from the hipster-inspired look of at least the past decade.
“Cycles do come and go,” he told CNBC. I think the pandemic definitely played a contributing role to consumers looking for a more comfortable, more relaxing denim.’’
According to Bergh, his denim maker’s sales started last year are boosted by one new jean design that ballooned out at the bottom, and a second style that was loose-fitting with a high-rise at the waist.
“The last real denim cycle was driven by skinny jeans. That cycle lasted about 10 years,’’ Bergh said to CNBC.
Bergh isn’t ready to bury the skinny jean look altogether, but he says there was now a very strong demand for looser fitting denim, from both male and female consumers.
CNBC reports Levi’s sales were down overall in the first quarter of 2021 but believed the ongoing pandemic’s impact was depressing retail numbers.
However, the company’s stock was up 25 per cent on the year and the iconic brand expects sales to be back to 2019 standards in the final quarter of 2021.
-
Latest1 week agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy7 days agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Latest2 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football1 week agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest1 week agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business1 week agoNigerian investors at a crossroads as fixed-income yields slide
-
Latest1 week agoOyo APC crisis deepens as Oluyole reconciliation meeting ends in brawl
-
Featured6 days ago103 Million Voters: What does INEC’s new register say about Nigeria’s population?


