Levi Strauss & Co
Stock futures inch higher as traders await jobs report due later this week: Live updates
Traders work on the floor of the New York Stock Exchange. Stock futures ticked higher Wednesday night as investors look ahead to September’s payrolls report due later this week. Futures tied to the Dow Jones Industrial Average added 40 points, or less than 0.1%. S&P 500 futures advanced 0.1%, while Nasdaq 100 futures climbed about […]
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Levi Strauss trims guidance as it weighs sale of Dockers business
Justin Sullivan | Getty Images Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the […]
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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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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