Levi Strauss & Co
Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the […]
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Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday as it said it expected weaker sales this year. The job cuts will take […]
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Retail CEO turnover soars, and fewer women hold top jobs in the industry
Michelle Gass, chief executive officer of Kohls Corp., at the National Retail Federation Inc. annual honors in New York, Jan. 12, 2020. Bess Adler | Bloomberg | Getty Images Turnover in C-suites spiked across industries last year — and in retail in particular. Next week, new CEOs will take over at both Levi Strauss and […]
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Yoga wars heat up as Levi's Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive
Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo Yoga and Vuori. Beyond Yoga’s founder […]
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Steer clear of these doable earnings blowups as reporting year starts, Wolfe Exploration states
There are some names this approaching earnings year traders may perhaps want to steer apparent from, in accordance to Wolfe Study. The reporting interval kicks off in earnest Friday, with JPMorgan Chase , Bank of The us and Citigroup between the organizations slated to submit fourth-quarter final results. Information from FactSet shows that S & […]
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Michelle Gass will substitute Chip Bergh as Levi Strauss CEO in January
Pedestrians wander past a Levi’s retail store in Hong Kong. Sopa Illustrations or photos | Lightrocket | Getty Images Levi’s CEO Chip Bergh is calling it quits and handing the reins over to his very long-anointed successor Michelle Gass, the previous CEO of Kohl’s, the corporation announced Thursday. Gass will get in excess of the […]
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Kohl’s holiday look previews the retailer’s plans to snap out of sales slump
At Kohl’s stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home decor. Melissa Repko | CNBC As shoppers head to Kohl’s […]
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How usually need to you clean your denims? The Levi’s CEO settles the discussion
For most items of apparel, it is really distinct they must be washed immediately after a several wears. But jeans can be much more divisive, with some even indicating to never clean them. And in elements, Levi Strauss CEO Charles Bergh might be to blame for that. Even nevertheless he didn’t very imply for that […]
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Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street’s quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers across the U.S. Shares fell more than 3% in extended trading. The company’s […]
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Shares making the most significant moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
Pavlo Gonchar | Lightrocket | Getty Photos Examine out the providers generating headlines in midday trading. Media stocks — A handful of media and studio shares rose Wednesday right after the practically 150-working day author strike ended. Shares of Warner Bros. Discovery and Paramount World wide jumped much more than 2.5%, although Comcast extra .9%. […]
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