The Levi Strauss & Co. label is seen on clothes in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. (REUTERS/Andrew Kelly)
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(Reuters) – Levi Strauss shareholders voted against a proposal for the company to end its diversity, equity and inclusion efforts, it disclosed in a filing on Monday.
The proposal comes amid U.S. President Donald Trump’s push to dismantle the practice across the federal government and private sector, following an executive order in January.
Over the past year, major companies including Walmart, Target and Amazon.com have rolled back their DEI policies, aimed at women, ethnic minorities, LGBTQ+ people and other traditionally underrepresented groups.
More than 99% of Levi Strauss’ shareholders voted against the proposal at the annual meeting of shareholders held on April 23, the filing said.
Similarly, in January, more than 98% of Costco Wholesale shareholders voted against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives.
Levi Strauss had posted its quarterly profit ahead of estimates and had maintained its annual sales and profit forecast earlier this month.
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(Reporting by Neil J Kanatt in Bengaluru; Editing by Shailesh Kuber)
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