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Jack Black, who starred as Dewey Finn, is still a successful actor and musician. Jack Black in 2004 and 2023. Dave Hogan/Getty Image 2004 ; Albert L. Ortega/Getty Images 2023Prior to rocking out and pretending to be Mr. Schneebly in "School of Rock," Jack Black already had an impressive career. The actor also starred on HBO's "Tenacious D," which chronicled a fictionalized version of his rock duo with Kyle Gass. Outside of acting, Black and Gass have released several Tenacious D albums and videos.
Persons: Jack Black, Dewey Finn, Dave Hogan, Albert L, Ortega, Schneebly, He'd, Guy, HBO's, Kyle Gass, Black, Kong, Nacho, Kung, He's, Gass, Donald Trump, Mario, Ireland's JOE he'd, Mike White Organizations: Getty, of, School of, Mario Bros Locations: Orange
Levi Strauss CEO Michelle Gass told CNBC's Jim Cramer on Wednesday how the denim retailer will benefit from its partnership with Beyoncé, saying the ads could help boost sales of women's clothing. "Now you bring Beyoncé into the ecosystem, you know, we think we're just set up for the long term really, really well." The collaboration comes after Beyoncé released her newest album, "Cowboy Carter," in the spring that featured a track called "LEVII'S JEANS." She claimed wholesale, a large part of Levi's business in Mexico, was down because one of the company's "key customers" had a cybersecurity breach that impacted shipping. Gass also said that the Dockers brand has "underperformed for some time," and Levi's intends to sell the business.
Persons: Levi Strauss, Michelle Gass, CNBC's Jim Cramer, Beyoncé, Levi's, " Gass, Cowboy Carter, Gass Organizations: Destiny's, Dockers Locations: China, Mexico
Excluding one-time items, Levi's posted earnings of $132 million, or 33 cents per share. "We believe the exit of Dockers will allow both Dockers and Levi's to independently operate and maximize each other's value independently." Direct gainsBeyond Docker's, Levi's is making gains in growing its profitability as it continues to shift its focus to selling directly to consumers. During the quarter, Levi's direct channel was up about 10%, driven by strength in the U.S. and 16% growth in e-commerce. Overall, direct sales comprised 44% of total revenue and Levi's wants to get that number closer to 55%.
Persons: LEVI, Justin Sullivan, Levi Strauss, Levi's, Levi, khakis, , Harmit Singh, Singh, Beyoncé, Michelle Gass Organizations: Dockers, LSEG, CNBC, of America Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevi Strauss CEO Michelle Gass talks Q3 results with Jim CramerLevi Strauss President and CEO Michelle Gass joins 'Mad Money' host Jim Cramer to talk the strategic review of Dockers, quarterly results, consumer trends and more.
Persons: Levi Strauss, Michelle Gass, Jim Cramer Levi Strauss, Jim Cramer Organizations: Dockers
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeyonce is a fashion icon, this is going to be a really powerful partnership, says Levi Strauss CEOLevi Strauss President and CEO Michelle Gass joins 'Mad Money' host Jim Cramer to talk the strategic review of Dockers, quarterly results, consumer trends and more.
Persons: Levi Strauss, Michelle Gass, Jim Cramer Organizations: Dockers
Apple Intelligence : Club stock Apple turned positive Wednesday, despite more analysts trimming their 2024 iPhone 16 estimates. Interestingly, Apple Intelligence is the sixth top reason someone would buy a new iPhone, according to a recent survey by JPMorgan analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, payrolls, Jensen Huang, Levi Strauss, Michelle Gass, Jim Cramer's, Jim Organizations: CNBC, ., U.S, Israel . Semiconductor, Broadcom, Nvidia, Accenture, Financial Times, Amazon, Apple Intelligence, Apple, JPMorgan, Club, Constellation Brands, Modelo, Jim Cramer's Charitable Locations: Iran, Israel, Corona, Pacifico
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. Aside from the allusions to Beyoncé's latest album, "Cowboy Carter," Levi's also tagged the superstar's account in the post, fueling buzz from her fanbase, known as the Beyhive. Levi's second-quarter earnings in June missed Wall Street's sales expectations, but the brand's leadership has maintained that the future of denim is bright. Representatives for Levi's did not immediately respond to CNBC's request for comment on the potential Beyoncé collaboration.
Persons: Levi Strauss, Cowboy Carter, Levi's, Michelle Gass Organizations: Dolby Theatre, Beyoncé, Abercrombie, Fitch Locations: Los Angeles
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CNN —Jack Black’s comedy rock band Tenacious D has sparked outrage and had a show in Australia postponed after band member Kyle Gass made an apparent joke about Saturday’s assassination attempt on former US President Donald Trump. “To advocate and or wish for the assassination of a President is egregious, disgusting, filthy, evil, and not acceptable in any way, shape or form,” said Babet. “Anything less than a deportation is an endorsement of the shooting and the attempted assassination of Donald J Trump,” he said. “I will not be participating in any future Tenacious D interviews,” he said. Tenacious D have previously appeared on the Kyle & Jackie O “In the Morning” show on KIIS radio.
Persons: Jack Black’s, Kyle Gass, Donald Trump, Black, Gass, ” Gass, , , Ralph Babet, Anthony Albanese, Tenacious, Jack Black, Andrew Giles, ” Babet, Donald J Trump, Kyle Sandilands, Kyle, Jackie O “, Joe Biden, , ” Biden Organizations: CNN, Sunday, Trump, New Locations: Australia, Sydney, Australian, Newcastle , New South Wales, Brisbane, Melbourne, Adelaide, New Zealand, America
July 13: Trump is shot during a campaign rally. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. Crooks wounded Trump's ear before the Secret Service shielded him. The Secret Service fired back at Crooks, killing him. Addressing on Saturday the nation after the shooting, President Joe Biden said "There's no place in America for this kind of violence."
Persons: Trump, Donald Trump, Jabin, Thomas Matthew Crooks, Crooks, Corey Comperatore, Joe Biden Organizations: Secret Service, Washington, Getty, Republicans Locations: Pennsylvania, America
Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim." Levi Strauss executives are ecstatic. Western wear is booming as consumers opt for top-to-bottom denim looks, the iconic, 171-year-old clothing maker said on Wednesday. Sales of denim skirts, jumpsuits and dresses all at least doubled in the latest quarter, Gass said. On the other hand, Levi Strauss earned 16 cents per share, excluding items, ahead of the 11-cent average estimate by analysts.
Persons: LEVI, Jeff Greenberg, Beyoncé, Levi Strauss, jean, Michelle Gass, Levi's, Carter, Louis Vuitton, Taylor, Gass, Levi, " Gass, Wall, Lee Organizations: Orlando Vineland, Universal, Getty, LSEG, CNBC, Dockers, Kontoor Brands Locations: Florida, Levi's, California, Kohl's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are sharpening our women's business strategy, and it's working, says Levi Strauss CEOLevi Strauss President and CEO Michelle Gass joins 'Mad Money' host Jim Cramer to talk quarterly results, omnichannel retail, its DTC business and more.
Persons: Levi Strauss, Michelle Gass, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevi Strauss CEO Michelle Gass goes one-on-one with Jim CramerLevi Strauss President and CEO Michelle Gass joins 'Mad Money' host Jim Cramer to talk quarterly results, omnichannel retail, its DTC business and more.
Persons: Levi Strauss, Michelle Gass, Jim Cramer Levi Strauss, Jim Cramer
In a Wednesday interview with CNBC's Jim Cramer, Levi Strauss CEO Michelle Gass said the popularity of "top-to-bottom" denim outfits is growing. "Our new focus is, yes, continuing to own jeans, but taking that denim top to bottom," she said. Besides the "head-to-toe denim lifestyle," Gass added other trends like baggier and looser items are on the rise. She said that much of this quarter's success came from the direct-to-consumer business and the women's category. "We see our consumers as being really resilient, and we're excited about the [denim] category," she said.
Persons: CNBC's Jim Cramer, Levi Strauss, Michelle Gass, Gass, there's Locations: U.S
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. It's not clear how sales at Docker's were affected by the timing of Levi's wholesale orders. The changes are necessary because nearly half of Levi's sales these days are coming from its own website and stores. During the quarter, wholesale revenue grew 7%, but excluding the shift in timing of wholesale orders, sales in the channel decreased 4%. Singh noted that wholesale revenue improved on a sequential basis, but the company has a "conservative" view of the channel's growth moving forward.
Persons: hasn't, Levi Strauss, Levi's, Harmit Singh, Singh, Michelle Gass Organizations: LSEG, Finance, CNBC, Levi's, Nike Locations: U.S, Europe, Macy's
CNN —A strange monolith found jutting out of the rocks in a remote mountain range near Las Vegas has been taken down by authorities. Members of the Las Vegas police search and rescue team found the object near Gass Peak, part of the vast Desert National Wildlife Refuge where bighorn sheep and desert tortoises can be found roaming. Then came sightings in Romania, central California, New Mexico and on the famed Fremont Street in downtown Las Vegas. Fish and Wildlife Service, is the largest wildlife refuge outside of Alaska and can cover the state of Rhode Island twice. The department said it “discourages anyone from venturing off marked trails or leaving objects and items behind.”“This poses a danger to you and the environment,” Las Vegas police said.
Persons: Stanley Kubrick, Nick, didn’t, Christa Weise Organizations: CNN, Las, Wildlife, Utah’s Department of Public Safety, Authorities, U.S . Fish, Wildlife Service, Land Management Locations: Las Vegas, Las, Romania, California, New Mexico, Fremont, Las Vegas ., Utah, Alaska, Rhode, In Utah
CNN —Another “mysterious” monolith has been spotted. This time, on a Las Vegas hiking trail in Nevada, according to the Las Vegas Metropolitan Police Department (LVMPD). “How did it get up there?”The monolith was found over the weekend near Gass Peak north of Las Vegas, it added. The pillar is reminiscent to ones popping up all over the world shortly after a 10-feet silver monolith was discovered in late 2020 by a helicopter crew flying over an Utah desert. As for the one found on the Las Vegas hiking trail, social media users claimed the monolith isn’t actually new.
Persons: Craig Muir, , that’s, Gallerist David Zwirner, John McCracken, John, Tom Dunford, , “ I’m Organizations: CNN, Las Vegas Metropolitan Police Department, Facebook, BBC Locations: Las Vegas, Nevada, Gass, Utah, California, Romania, Isle of Wight, England’s, Powys County, Wales, Vegas, ” In Nevada
All of which has apparently sent fans flocking to Levi’s for denim jeans, denim jackets and Western clothing since the album was released on March 29. Levi’s has made its own moves to capitalize on Beyoncé namechecking the brand and the extra attention it’s receiving. Angus Mordant/Bloomberg/Getty Images“Act II: Cowboy Carter” has also led to a rise in Western boot sales. Sales spiked another 45% the following week when “Texas Hold ‘Em” reached the top of Billboard’s Hot 100 chart, Circana said. Beyoncé has also lifted Western boot sales at Calares, a women’s shoe and accessories chain, said Dana Telsey, a retail analyst at Telsey Advisory Group.
Persons: Bey, Cowboy Carter, Post Malone, Levi’s, , Michelle Gass, Beyoncé, Angus Mordant, Cowboy Carter ”, Circana, Taylor Swift, Beth Goldstein, Dana Telsey, Etsy, Th, CNN’s Lisa France Organizations: New, New York CNN, Bloomberg, Getty, Circana, Telsey Advisory, Billboard, Deutsche Bank Locations: New York, Pass_by, Instagram, Stockholm
Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.
Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, , GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City
Excluding one-time costs related to Levi's restructuring, the company reported earnings per share of 26 cents, ahead of Wall Street's estimates. The sales slump was primarily attributed to a shift in Levi's wholesale orders, which boosted profits by about $100 million in the year-ago period. For the last couple of years, Levi's has been moving away from wholesalers and doing more of its sales through its own stores and website. If Macy's store closures or other challenges to department stores affects Levi's business, she expects direct-to-consumer sales will offset those losses. During the quarter, sales of items like denim skirts, dresses and tops were up 19% in Levi's direct-to-consumer channel, said Gass.
Persons: Levi Strauss, Levi's, Macy's, Levi's —, Michelle Gass, Gass, Harmit Singh, Beyoncé, Carter, Post Malone Organizations: Levi's, LSEG, Arkhouse Management, CNBC Locations: U.S, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevi Strauss CEO Michelle Gass: The U.S. denim market is stabilizing after years of volatilityHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Levi Strauss, Michelle Gass, Brian Sullivan, Organizations: CNBC Locations: U.S
Kohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. In a news release, Kohl's said the first Babies R Us shops will open this August and expand to more stores in the fall. Kohl's said the shops will range from 750 to 2,500 square feet, and will add more brands and merchandise to Kohl's baby category. As of Monday's close, Kohl's shares have fallen about 5% so far this year. Kohl's shares closed on Monday at $27.19, bringing the company's market value to $3.01 billion.
Persons: Kohl's, it's, Joe's Jeans, Anne Klein, Fisher, Price, It's, Tom Kingsbury, Michelle Gass, Levi Strauss, That's Organizations: WHP, Burlington Stores, Franchise Group, Macy's
Levi’s Wants You to Rethink Your Denim Shopping
  + stars: | 2024-02-27 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +1 min
In the Levi’s store on Market Street in San Francisco, the denim maker’s newly extended collection is on full display. Black denim overalls are paired with a light-blue long-sleeve denim blouse, complemented by a denim cap. The assortment of tops, which Levi’s has been producing at a faster rate than it has in the past, was equal to the store’s inventory of jeans. Ms. Gass, 55, wants to make Levi’s not only a brand you think of when you want jeans, but also a place you go to first when shopping for shirts, jumpsuits and puffer jackets. Her goal is to get customers back more often — since people usually buy tops more frequently than bottoms — and to bring them to Levi’s stores, its website and its mobile app.
Persons: jean, ” Michelle Gass, Levi Strauss, Levi’s, Gass’s, Gass Organizations: Levi Strauss & Company Locations: San Francisco
Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.
Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, , Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's
Last year, U.S. companies announced 55% more CEO changes than in 2022, according to outplacement firm Challenger, Gray & Christmas. Boards didn't want to make changes, CEOs themselves didn't want to leave. The retail industry in 2023 saw 52 CEO departures, its second-highest number since Challenger, Gray & Christmas started tracking them, and more than double the 21 CEO turnovers in 2022, according to the firm's data. It was below 2019's record 63 CEO departures in the industry. In Korn Ferry's separate analysis of retail CEO turnover in 2023, the executive recruitment firm found 57% of new chief executives named in the industry last year were already working for the company they will lead.
Persons: Michelle Gass, Levi Strauss, Macy's, Andy Challenger, Challenger, Korn Organizations: Kohls Corp, National Retail Federation Inc, Challenger Locations: New York, U.S
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