Levi Strauss profit hit by weakness in wholesale business in Americas [Reuters]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Reuters
Levi Strauss profit hit by weakness in wholesale business in Americas (Reuters) - Levi Strauss & Co ( LEVI.N Reduced shipments to off price stores and the impact of a delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March. “U.S. wholesale was challenged... particularly the legacy department stores and chain stores, where (the) much publicized traffic declines have negatively impacted our business,” Chief Executive Officer Chip Bergh said in an interview with Reuters. The deteriorating retail landscape has forced longstanding brick-and-mortar chains, including J.C. Penney Co Inc ( JCP.N AMZN.O Bergh said Levi’s has been focusing on selling directly to customers through its stores and online than through off price retailers. Levi’s teamed up with model Chanel Iman and New York Giants player Sterling Shepard during the quarter to create an exclusive drop, launching limited merch
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LEVI
Earnings
- 4/3/24 - Beat
LEVI
Sec Filings
- 4/24/24 - Form 4
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form 4
- LEVI's page on the SEC website