On Wednesday, Levi Strauss & Co (NYSE: LEVI) issued a mixed quarterly report. While the iconic denim brand is doing great as far as its namesake brand and Beyond Yoga are concerned, but its Dockers business is another story, one that Levi is thinking to sell. On a brighter note, by focusing on direct selling and turning away from wholesellers like Macy’s Inc (NYSE: M), aided by lower cotton costs, Levi grew its gross margin. Fiscal Third Quarter HighlightsDuring the quarter ended on August 25th, Levi reported sales grew 5%, which is the biggest increase in two years. However, overall revenue w…