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Harmit Singh

๐Ÿ‘ค Speaker
123 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So our view is that we are market leaders now in the US, number one in men's, number one in women's, and really resonating with the youth.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so the question is, if you're able to

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

stay at, you know, and implement our strategies, our view is we can continue to be market leader and probably pick up a little bit of share, especially because the denim category is accelerating.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We've seen the acceleration in the U.S., we've seen the acceleration outside, and that's largely driven by the world becoming more casual.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Yeah.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So China for us is still underpenetrated.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

China represents about two or three percent of our business.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

You know, our business in China has been slow and soft.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

The Chinese consumer right now is going through a bit of a macro uncertain climate part.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

The good news for us is they love the brand.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Our brand equity scores are really solid.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We think China can be a business that grows double digit over the long term.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

But to your specific question, the Chinese consumer is fairly discerning on the brands he or she gravitate to.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

There is a high-end consumer.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

as well as a consumer, the mid-market consumer.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

What we call the core product, so if you think about our Asia strategy, we really, our products are relevant for the mid-market consumer.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

While we also offer products for the higher premium end consumer, 30% of the Asian denim category is premium.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Premium, for example, our highest pinnacle product is largely Japanese fabric, Japanese denim, and inspired.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

by salvage.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so that's what we are selling.