Levi’s Plans Retail Store Expansion To Take Advantage Of Vacancy ‘Tsunami’

Since before the coronavirus pandemic, thousands of retail stores have been closing across the country every year, and something needs to fill them. The biggest U.S. name in denim is looking to be one of those things.
Levi Strauss & Co. is hunting for new locations for its direct-to-consumer stores, CEO Chip Bergh told CNBC’s Jim Cramer on Thursday, the same day the company released its better-than-expected first-quarter earnings report. The jeans seller is looking to take advantage of what Bergh called “the commercial real estate tsunami that is happening right now.”
“It gives us an opportunity to secure great locations at great leases, and we’re capitalizing…

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