Blue jeans are increasingly going out of style, and even industry heavyweights like Levi’s and Gap are taking notice.
Teens are now buying more gear from Nike and Lululemon over denim classics from brands like Abercrombie, according to a recent Piper Jaffray survey on teen spending.
Levi’s CEO has admitted that the company is threatened by the athleisure trend of wearing yoga pants, Bloomberg reports.
“We’re scrambling,” Bloomberg notes CEO Chip Bergh told analysts last year. “I mean, there is a big difference between the product that we’ve got on the floor today and what the consumer is looking for. And we just flat-out missed it.”