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Top News In Dept1 Today - Breaking & Trending Today

Levi Strauss to cut prices as weak consumer spending hits outlook

Levi Strauss & Co cut its annual profit forecast on Thursday, in a sign that higher costs were weighing on the denim clothing maker's margins as it struggles with falling sales at its wholesale channels in North America. ....

New York , United States , Granth Vanaik , Shweta Agarwal , Muralikumar Anantharaman , Michael Ashley Schulman , Levi Strauss Co , Thomson Reuters Trust Principles , American Eagle Outfitters , Executive Officer Chip Bergh , North America , Running Point Capital , Kate Masters , Thomson Reuters Trust ,

Aussie retailers in for more pain as high interest rates squeeze spending - Citi

Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more. ....

Sameer Manekar , Savio Dsouza , Adrian Lemme , James Wang , Coles Group , Thomson Reuters Trust Principles , Domino Pizza Enterprises , Premier Investments , Super Retail , Harvey Norman , Pizza Enterprises , Thomson Reuters Trust ,

South African retailer Steinhoff seeks court approval for debt restructuring

Steinhoff International , said on Thursday it has sought approval from a Dutch court for a debt restructuring plan aimed at saving the South African retailer from bankruptcy. ....

South Africa , Noord Holland , South African , Promit Mukherjee , Jason Neely , Thomson Reuters Trust Principles , District Court , Steinhoff International , Thomson Reuters Trust , Nrlpa Obkrt , Reuters Legal ,

Levi Strauss warns of margin decline in 2023 as promotions, costs bite

Levi Strauss & Co on Thursday warned of a margin crunch this year as it would have to offer higher promotions than previously anticipated while also grappling with higher costs, sending its shares tumbling 16% in morning trade. ....

Krishna Chandra Eluri , Jessica Ramirez , Harmit Singh , Granth Vanaik , Levi Strauss Co , Thomson Reuters Trust Principles , Chief Financial , Growth Officer Harmit , Executive Officer Chip Bergh , Jane Hali , Krishna Chandra , Thomson Reuters Trust ,

EXCLUSIVE Amazon offered France deal to have bill protecting bookshops pulled

Amazon proposed raising book delivery charges in France to around 2 euros from almost nothing if parliament withdrew a bill that would make it more difficult for the e-commerce group to undercut local bookshops, a French senator told Reuters. ....

France General , Mathieu Rosemain , Victor Hugo , Richard Lough , Laure Darcos , Catherine Evans , Elizabeth Pineau , David Naggar , Yohann Benard , Jane Merriman , Thomson Reuters Trust Principles , Ministry Of Culture , Culture Minister Roselyne Bachelot , Seattle Based Naggar , Emmanuel Macron , Thomson Reuters Trust ,