Levi Strauss & Co
Levi’s teases Beyoncé collaboration as denim trend takes hold
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. The brand’s shares briefly popped after the update and were […]
Read More
CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
Read More
CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
Read More
Shein sues Temu over copyright infringement, alleges rival loses money on every sale
Shein and Temu. Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud. The suit, filed Monday in Washington, D.C., federal court, comes as Shein itself fends off […]
Read More
Shares making the most significant moves midday: Walgreens Boots Alliance, Levi Strauss, Intercontinental Paper and extra
Test out the providers earning headlines in midday investing: Walgreens Boots Alliance — The stock plummeted far more than 24.5% immediately after the retail corporation reported 3rd-quarter earnings results that missed Wall Street’s expectations . The business also introduced a cut to its comprehensive-yr adjusted financial gain outlook and stated it would shut retailers that […]
Read More
Stocks earning the major moves premarket: Walgreens, Levi Strauss, Micron and more
Verify out the corporations making headlines prior to the bell. Micron — Shares slipped almost 6% just after the semiconductor manufacturer posted earnings assistance of $7.6 billion for its existing quarter, coming in line with analyst expectations. Micron also claimed a 3rd-quarter earnings and earnings defeat. GSK — Shares of the biopharmaceutical organization slid virtually […]
Read More
S&P 500 futures tumble slightly following the broader index rises for a 2nd day: Reside updates
Traders operate on the ground of the New York Stock Exchange on June 18, 2024. Spencer Platt | Getty Photographs News | Getty Images U.S. S&P 500 futures fell a little Wednesday night after the S&P 500 rose for a next day. S&P 500 futures and Nasdaq 100 futures dipped .19% and .32%, respectively. Dow […]
Read More
Levi’s shares drop 12% as jeans maker’s sales disappoint despite denim craze
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street’s expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. Levi’s […]
Read More
Denim stocks can gain with Western type in vogue, TD Cowen suggests
A renaissance in Western designs can boost stocks that specialize in denim, according to TD Cowen. Analyst Oliver Chen hailed the jean-material classification as a sturdy performer that really should be able to preserve up momentum by at the very least the close of 2024. Though optimistic on shares across the place, he specifically pointed […]
Read More
Macy’s proxy fight is over, but the battle for the department store’s future wages on
Shopping bags in front of the Macy’s Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said. Bing Guan | Bloomberg | Getty Images […]
Read More