Strauss

Inflation Report Awaits: Walgreens and Levi Strauss Tank While McCormick and Micron React – What’s Next for the Stock Market?

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NEW YORK – Stock indexes in Wall Street remained relatively stagnant in Thursday afternoon trading as investors anticipated a crucial report on inflation. The S&P 500 saw a slight 0.1% decline, with a mix of both gaining and losing stocks in the index. The Nasdaq, just below its all-time high, experienced a 0.2% increase, while the Dow Jones Industrial Average slipped marginally by 8 points. Walgreens Boots Alliance encountered a significant 25.2% drop, marking the …

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Levi Strauss Stock Plummets 12% After Disappointing Revenue Results – What’s Next for the Denim Giant?

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SAN FRANCISCO, California – Levi Strauss, the iconic American denim company, faced challenges in the second quarter of the year as its revenue fell short of market expectations due to uneven wholesale demand in the United States. Despite a 12% drop in shares during extended trading, Levi Strauss expressed confidence in its annual profit and revenue forecast. The company attributed its setbacks to adverse foreign exchange effects and increased marketing expenses for the upcoming back-to-school …

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Levi Strauss & Co. Shocks Employees with Massive Layoffs – Is Your Job Safe?

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San Francisco, California – Levi Strauss & Co., a renowned fashion brand, is taking measures to downsize its workforce, announcing a layoff of 146 employees at its San Francisco headquarters. The company, famous for its iconic blue jeans, is part of a global productivity initiative under the leadership of incoming CEO Michelle Gass. This move comes as Levi’s plans to reduce 10% to 15% of its worldwide staff in the first half of 2024. The …

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