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The Fiji Times » Casual denim trend, higher prices fuel Levi s upbeat forecast
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adidas : Levi Strauss sustainability chief leaves Better Cotton Initiative board
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Market movers: Stocks seeing action on Friday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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A roundup of some of the North American equities making moves in both directions
On the rise
Corus Entertainment Inc. (CJR-B-T) jumped on Friday after it announced a distribution deal with U.S. streaming service Hulu and topped expectations with its second-quarter financial results.
The Toronto-based company which owns one of Canada’s largest radio groups, the Global television network and dozens of specialty cable channels said its Corus Studios division has signed a deal to sell more than 200 episodes of programming to Hulu.
By Reuters Staff
2 Min Read
(Reuters) - Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on COVID-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat estimates for quarterly results on a pandemic-led e-commerce boost.
FILE PHOTO: Products are displayed at a Levi Strauss store in New York, U.S., March 19, 2019. REUTERS/Shannon Stapleton/File Photo
Shares in the company rose 5% in extended trading, as it also raised its quarterly dividend to 6 cents per share from 4 cents.
Many apparel sellers, including Nike Inc and Kohl’s Corp, have also expressed similar optimism about store traffic rebounding to normal levels, even as online sales have boomed amid the health crisis in recent months.