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Levi Strauss (LEVI) earnings Q1 2024

Levi Strauss (LEVI) earnings Q1 2024
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Michelle gassHarmit singhLevi straussWall streetArkhouse management

Nearly half of Levi s sales are happening online and in its shops, a shift as department stores fade

Nearly half of Levi s sales are happening online and in its shops, a shift as department stores fade
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New yorkUnited statesHarmit singhMichelle gassLevi straussWall streetArkhouse management

Levi Strauss lifts profit forecast on cost savings, less discounts

Levi Strauss raised its annual profit forecast on Wednesday, citing the apparel maker s recent cost savings from job cuts and less aggressive discounts on its jeans and denim clothing. .

New yorkUnited statesHarmit singhGranth vanaikKrishna chandra eluriLevi straussChief financial officer harmit singhSan francisco basedKate masters

Nearly half of Levi s sales are happening online and in its shops, a shift as department stores fade

Nearly half of Levi s sales are happening online and in its shops, a shift as department stores fade
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United statesMichelle gassHarmit singhLevi straussWall streetArkhouse managementPost malone

Levi Strauss lifts profit forecast on cost savings, less discounts

(Reuters) -Levi Strauss raised its annual profit forecast on Wednesday, citing the apparel maker's recent cost savings from job cuts and less aggressive discounts on its jeans and denim clothing, sending its shares up about 8% in extended trading. In a bid to cut costs, Levi's has reduced its global corporate workforce, including trimming the number of senior leadership positions. Levi's cost-cutting campaign has helped its stock recover about 13% this year, not including Wednesday's late-day rally.

New yorkUnited statesGranth vanaikKrishna chandra eluriHarmit singhLevi straussChief financial officer harmit singhSan francisco basedKate masters