Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Levis Strauss


25 mentions found


Levi Strauss CEO Chip Bergh once said that he completely keeps his jeans out of the washing machine. He recently told CNBC that if his jeans get "really gross" he washes them on his body in the shower. "What true denim heads, people that really love their denim, will tell you is to never put your denim into a washing machine. Levi Strauss & Co. CEO Chip Bergh isn't a fan of tossing his jeans in the washing machine. "Half of it is growing the cotton, and then the other half is the consumer throwing their jeans in the washing machine."
Persons: Levi Strauss, Chip Bergh, , Bergh, I've, Levi Organizations: CNBC, Service
But jeans can be more divisive, with some even saying to never wash them. "I never said don't wash your jeans," he clarified in conversation with CNBC's Christine Tan as part of the "Managing Asia" show broadcast last month. Bergh still doesn't use a washing machine to clean his denim. "True denim heads, people that really love their denim, will tell you to never put your denim into a washing machine. This means keeping jeans on in the shower and covering them in soap as you would your body, Bergh explained.
Persons: Levi Strauss, Charles Bergh, CNBC's Christine Tan, Bergh, doesn't, I've Locations: Asia
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyes its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. Looking ahead, data would take center stage once again with September consumer price inflation and producer price index readings due next week. ET, Dow e-minis were up 74 points, or 0.22%, S&P 500 e-minis were up 10.25 points, or 0.24%, and Nasdaq 100 e-minis were up 43.5 points, or 0.29%.
Persons: Brendan McDermid, Levi Strauss, Tesla, that's, Marios Hadjikyriacos, LEVI.N, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Exxon, Dow, Nasdaq, Labor, XM, Traders, Energy, Federal, JPMorgan Chase, Citigroup, BlackRock, Dow e, Tesla, Exxon Mobil, Reuters, Natural Resources, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru
Check out the companies making the biggest moves in premarket trading:Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was close to reaching a deal to be bought by Exxon Mobil for about $60 billion. Levi Strauss — The denim apparel maker shed 1.3% after cutting its full-year sales forecast. Apellis Pharmaceuticals — Shares of the biopharmaceutical company rose 5.5% after Apellis reported growing sales for its Syfovre drug in August. Aehr Test Systems — Shares fell more than 11% despite Aehr Test Systems reporting an earnings and revenue beat for its first quarter. Frontline — The shipping stock shed 4.8% in premarket trading after Euronav said its second shareholder, Compagnie Maritime Belge, would acquire Frontline's shares in Euronav for $18.43 per share.
Persons: Levi Strauss, Philips —, ResMed, Tesla, Euronav, Macheel, Jesse Pound Organizations: Resources, Street Journal, Exxon Mobil, Exxon, Philips, U.S . Food, Drug Administration, FDA, U.S, Apellis Pharmaceuticals, JPMorgan, Aehr, Systems, Compagnie Maritime Belge Locations: Dutch, U.S, Euronav
Levi Strauss — Shares slid 0.8% after the denim apparel maker cut its full-year sales forecast. Late Thursday, Levi posted fiscal third-quarter revenue that missed expectations, and it cut its full-year sales guidance again. MGM Resorts — The resort and casino operator rose 4.9% after offering an update on a cybersecurity issue experienced last month. Liberty Media Formula One — Shares of the motorsports stock advanced 3.6% following an upgrade to buy from neutral by Citi. Frontdoor — The home repair company's shares climbed 4.4% on the back of a Truist upgrade to buy from hold.
Persons: Tesla, Levi Strauss —, Levi, Aehr, FactSet, Truist, — CNBC's Pia Singh, Yun Li, Michelle Fox, Samantha Subin Organizations: Resources, Street Journal, Exxon Mobil, Exxon, stoke, MGM Resorts, MGM, CNBC, Securities and Exchange Commission, Philips —, U.S . Food, Drug Administration, Philips, FDA, Pharmaceuticals, JPMorgan, Jefferies, Liberty Media, Citi, Las Vegas, UBS, AES Locations: Virginia, U.S
Cramer’s Stop Trading: Levi Strauss & Co.
  + stars: | 2023-10-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: Levi Strauss & Co.CNBC’s Jim Cramer explains why he is keeping an eye on shares of Levi Strauss & Co.
Persons: Levi Strauss, CNBC’s Jim Cramer
Jim Cramer talks Levi's Q3 earnings with CEO Chip Bergh
  + stars: | 2023-10-05 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jim Cramer talks Levi's Q3 earnings with CEO Chip BerghLevi Strauss CEO Chip Bergh joins 'Mad Money' host Jim Cramer to talk quarterly earnings, consumer trends, revenue guidance and more.
Persons: Jim Cramer, Chip Bergh Levi Strauss, Chip Bergh
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevi's CEO: About 40% of consumers had a waist size change coming out of the pandemicLevi Strauss CEO Chip Bergh joins 'Mad Money' host Jim Cramer to talk quarterly earnings, consumer trends, revenue guidance and more.
Persons: Levi Strauss, Chip Bergh, Jim Cramer
It said it anticipates adjusted earnings per share to be on the low-end of the previously shared range of $1.10 to $1.20. Those retailers, which buy wholesale items from Levi to carry on their stores and websites, have seen weaker discretionary sales. For Levi, direct sales and international sales have been the stronger parts of its business. Like Nike , Levi has tried to control its own destiny by driving more of its overall sales through its own stores and website. Along with driving more direct sales, Levi is looking to expand in international markets.
Persons: LEVI, Sean Gallup, Levi Strauss, Chip Bergh, Harmit Singh, Levi —, Levi, Bergh, Denizen, Michelle Gass, Chip Bergh Levi Strauss Organizations: Getty, U.S, CNBC, LSEG, Walmart, Target, Nike Locations: U.S, Target, Asia, America, North America, Europe, Mexico, India, Macy's
Levi Strauss CEO Chip Bergh told CNBC's Jim Cramer on Thursday that a historically hot summer affected his company's denim wholesale figures. 2023 saw the hottest summer on record, and Bergh said Levi's wholesale customers have a narrow assortment of the brand's products, so they weren't able to properly adapt to the weather changes. In its Thursday earnings report, Levi's cut its profit outlook for the rest of the year after a steep drop off in wholesale revenues. Bergh said Levi's is "cautiously optimistic" going into the holiday season, but emphasized that a tough economic macro environment has been impacting business. He said Levi's value businesses, largely sold in stores like Walmart and Target, were down this quarter.
Persons: Levi Strauss, Chip Bergh, CNBC's Jim Cramer, Bergh, jean, Levi's, We've, we've Organizations: Walmart, Target
Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates, reeling from hefty promotions and falling demand at wholesale channels in North America. Levi has struggled with declining sales at its overall wholesale business, particularly in North America, which has a higher exposure to the middle-income consumer. This has impacted Levi’s sales at retail partners such as Walmart and Target, where prices of its Signature and Denizen lines start just below $30. Analysts have said Levi might have to increase promotions and cut prices if wholesale channel sales continue to worsen, which could pressure its margins further. Levi forecast revenue to be flat to up 1% in fiscal 2023, compared with prior estimate of 1.5% to 2.5% growth.
Persons: Levi Strauss, Nordstrom, Levi, Harmit Singh, , ” Singh, Singh, , Michael Ashley Schulman, Schulman Organizations: Financial, Reuters, Walmart, Target, Running Locations: North America, Americas
Trump taunts GOP rivals as legal clouds loom
  + stars: | 2023-10-01 | by ( Daniel Strauss | ) edition.cnn.com   time to read: +6 min
But without any obvious threat to his dominance of the GOP field, Trump is embracing brash tactics such as belittling his opponents and fundraising off of his possible court appearances. In the latest update to the CNN Poll of Polls on the race, from before the second GOP debate, Trump holds an average of 58% support, Florida Gov. Trump wants to be in her head,” he said, alluding to Haley. This goes back so long ago and it’s just Trump being Trump.”What’s different this year is the bevy of indictments and serious legal woes threatening Trump. In the first six months of 2023, Trump’s joint fundraising committee took in more than $53 million.
Persons: Donald Trump, Nikki Haley, “ Birdbrain, , Haley, birdseed, Trump, He’s, Ron DeSantis, hasn’t, ” Trump, MAGA, ” Trump’s, harken, Sen, Marco Rubio’s, , It’s, Scott Howell, Vivek, Ramaswamy’s, Tim Scott’s, ” Howell, Hands Rubio, , Rubio, Little Marco, Howell, Joe Biden, Sleepy Joe, Massachusetts Sen, Elizabeth Warren “ Pocahontas, Trump’s Organizations: CNN, Republican, South Carolina Gov, Trump, GOP, Florida Gov, Florida Republican, Florida, Sunday, Left Democrats, Locations: Iowa, New York, Florida, dinging, Ottumwa, Massachusetts, Manhattan, State
The public will continue to support them – that is until the strikes begin to affect Americans’ daily lives. CNN reached out to the Justice Department for comment but has not received a response. The US Labor Department releases August figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of worker filings for jobless benefits in the week ended September 30. The US Labor Department releases September data on the state of the job market, including payroll gains, wage growth and the unemployment rate.
Persons: , ” Andrew Flowers, , Eva Rothenberg, Suisse’s, Jerome Powell, Patrick Harker, Michael Barr, John Williams, Loretta Mester, Raphael Bostic, Michelle Bowman, Levi Strauss, Tom Barkin, Mary Daly Organizations: CNN Business, Bell, DC CNN —, Gallup, Guild of America, Teamsters, Reno, United Auto Workers, UAW, Toyota, Honda, CNN, Nationwide, UBS, DOJ, US Department of Justice, Credit Suisse, “ UBS, CS, Bloomberg, Justice Department, P Global, Institute for Supply Management, McCormick, US Labor Department, Atlanta Fed, Constellation Brands, Conagra, Co, US Commerce Department, Carnival Corp Locations: Washington, United States, Hollywood, Las Vegas, Germany, Russia
Wall Street closed out the final week of the third quarter lower as Friday's initial rally on tame inflation data ended largely in losses. The Dow , S & P 500 and the Nasdaq all fell sharply for the historically tough month of September and for the quarter. We hope it convinces the Fed to hold off on any additional hikes as we await the impact of prior rate moves. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, We'd, Helen of Troy, HELE, Lamb Weston, Levi Strauss, LEVI, Payrolls, Jim Cramer's, Jim Cramer, Jim, Nick M Organizations: Nasdaq, Dow, Federal Reserve, Fed, Constellation Brands, Management, UAW, Big, Detroit automakers, General Motors, Ford, Chrysler, PMI, McCormick, Maine, Conagra Brands, CNBC Locations: U.S, Cal
Bergh became CEO of Levi's in 2011 at a time when sales and brand loyalty were faltering. "The easiest way to change the culture is to change the people," Bergh told CNBC in an interview. Bergh became president and CEO of the company in 2011 when sales were faltering and brand loyalty was fading. Although he had a tough stance on firing, Bergh said that there were still times when he didn't act quickly enough to remove people who weren't the right fit. When asked about his biggest regrets, Bergh replied: "This is a corny saying and it gets said a lot, but probably not exiting people soon enough when I knew that there was something not right."
Persons: Charles Bergh, Bergh, , Levi Strauss, Chip Bergh, CNBC's Christine Tan, Tan, " Bergh, it's, Michelle Gass Organizations: CNBC, Service
New York CNN —Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of Republican presidential candidates before him. The Trump Supreme Court also issued a devasting ruling against public sector unions, which represent almost as many union members as found at private businesses. The state gained 1,800 auto jobs from February 2021, Biden’s first month in office, through February of this year. And Trump urged UAW members to stop paying their union dues. They’re predominantly anti-abortion,” said Brian Pannebecker, a staunch Trump supporter and president of Auto Workers for Trump.
Persons: Donald Trump, “ He’s, , Cathy Creighton, Clinton, he’s, Biden, Neil Gorsuch, Trump, Mary Barra, Biden’s, Crooked Joe Biden, they’re, they’ve, You’re, Shawn Fain, Fain, ” Fain, , “ It’s, Jason Miller, autoworkers, Wheaton, EVs, ” Wheaton, Todd Vachon, Brian Pannebecker, – CNN’s Kristen Holmes, Alayna Treene, Daniel Strauss Organizations: New, New York CNN, National Labor Relations Board, Cornell University’s, Industrial and Labor Relations, Biden NLRB, Trump Supreme, Trump, GM, Lordstown Motors, North American Free Trade, Bureau of Labor Statistics, UAW, United Auto Workers, General Motors, Ford, Drake Enterprises, Labor, Crooked, Biden, Michigan, CNN, Trump Trump’s, ” Trump, Rutgers University, Auto Workers Locations: New York, Michigan, Buffalo , New York, Lordstown , Ohio, Youngstown, Mexico, Macomb County, Detroit, China, Buffalo . Wheaton
CNN —The second 2024 Republican presidential primary debate ended just as it began: with former President Donald Trump – who hasn’t yet appeared alongside his rivals onstage – as the party’s dominant front-runner. “Tonight’s GOP debate was as boring and inconsequential as the first debate, and nothing that was said will change the dynamics of the primary contest,” Trump campaign senior adviser Chris LaCivita said in a statement. DeSantis, Pence duck health care questions while Haley pouncesDespite the efforts of moderators to pin them down, DeSantis and Pence struggled to respond when challenged on their respective records on health care. A messy first hourThe first hour of the second GOP primary debate was beset by interruptions, crosstalk and protracted squabbles between the candidates and moderators over speaking time. Further complicating the matter, some of the highest polling candidates – DeSantis and Haley – were among those least willing to dive into the muck during the first hour.
Persons: Donald Trump –, , Ronald Reagan, Nikki Haley, Vivek Ramaswamy, , Ron DeSantis, Chris Christie, “ Donald Duck ”, Joe Biden, South Carolina Sen, Tim Scott, Biden, Mike Pence, Doug Burgum, Trump, DeSantis, Christie, He’s, ” Christie, , ” Trump, Chris LaCivita, Ramaswamy, Scott, Hunter Biden, Pence, “ I’m, Vivek, Haley pounces, Dana Perino, Fox’s Stuart Varney, Varney, ” DeSantis, Haley, ” Haley, – DeSantis, Haley –, Donald Trump Organizations: CNN, GOP, Wednesday, Ronald Reagan Presidential, South Carolina Gov, Florida Gov, Former New Jersey Gov, Trump, South, ” North Dakota Gov, Fox Business Network, Univision, Chinese Communist Party, , , South Carolina Gov, Fox, Republicans, Florida, DeSantis, PAC Locations: California, Florida, South Carolina, Michigan, , Wednesday’s, China, , South, Milwaukee
Check out the companies making headlines in premarket trading. Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. Levi Strauss — The apparel maker advanced 1.3% in premarket trading after TD Cowen initiated coverage of the stock at an outperform rating. Mattel — Shares of the toymaker gained 2.4% in premarket trading Wednesday after Morgan Stanley initiated Mattel with an overweight rating, calling it a top pick.
Persons: Levi Strauss, TD Cowen, Levi's, ChargePoint, XPO, Jonathan Chappell, Joe Biden, Morgan Stanley, Alex Harring, Jesse Pound, Samantha Subin, Pia Singh Organizations: Woodbury, Sirius XM, Liberty Media, Costco, UBS, Evercore ISI, United Auto Workers, Mattel —, Mattel Locations: Central Valley , New York, U.S, Michigan
I had 11 direct reports, and in the first 18 months, nine of them were gone," Charles Bergh, CEO of Levi's Strauss, said. Still, Bergh told CNBC's Christine Tan that his biggest regret was not firing the wrong people fast enough. Charles Bergh, CEO of Levis Strauss & Co., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. Expanding footprint in AsiaOne promising area for Levi's growth is its expansion in Asia. Sopa Images | Lightrocket | Getty Images
Persons: Charles Bergh, Levi's Strauss, Bergh, CNBC's Christine Tan, Levis, Levi's, it's, Edward Berthelot, " Bergh, Levi Organizations: Levis Strauss &, Global, Bloomberg, Getty, New York, CNBC Locations: Midtown Manhattan, San Francisco , California, U.S, New, New York City, Asia, Hong Kong
Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.
Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America
Levi's 501 jeans are our 'No. 1 seller' in Asia, says CEO
  + stars: | 2023-09-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevi's 501 jeans are our 'No. 1 seller' in Asia, says CEOChip Bergh, CEO of Levi Strauss, tells CNBC's Christine Tan what makes the Levi's 501 jeans iconic and how the brand is evolving to stay connected with Gen Z consumers.
Persons: Chip Bergh, Levi Strauss, Christine Tan Organizations: Gen Locations: Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy biggest mistake was not firing the wrong people fast enough, says Levi Strauss CEOChip Bergh, CEO of Levi Strauss, tells CNBC's Christine Tan that it's ultimately "a people game."
Persons: Levi Strauss, Chip Bergh, Christine Tan, it's
UBS reiterates Levi Strauss as buy UBS said Levi Strauss' earnings will be less bad than feared in early October. Oppenheimer names Domino's a top pick Oppenheimer named Domino's as a top pick and said the downward revision cycle has "bottomed." Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta's annual Connect conference event on Wednesday. "Given Meta's increased focus on integrating Al across surfaces, and CEO commentary on AI Agents on prior earnings calls, we believe the event may also include announcements on new AI/ML products." Citi reiterates Micron as buy Citi said its bullish heading into Micron earnings on Wednesday.
Persons: Baird, Levi Strauss, LEVI, Morgan Stanley, Oppenheimer, Domino's, Stifel, it's, Tesla, TSLA, Jefferies, Edwards, Goldman Sachs, Goldman Organizations: UBS, Barclays, Bank of America, Meta, Agents, JPMorgan, Apple, Nike, Citi, Micron, RBC, HSBC, AMC, ~$ Locations: Greater China, China
Daniel Lurie, an heir to the Levi Strauss clothing fortune, announced on Tuesday that he would run against Mayor London Breed of San Francisco next year, at a time when the city is struggling to overcome a number of crises in its downtown core. Mr. Lurie, 46, planned to launch his campaign Tuesday at a community center in the city’s Potrero Hill neighborhood, a longtime working-class area now dotted with multimillion-dollar homes and upscale shops. Breed may be vulnerable in her bid for re-election and may have lost the support of some moderate allies. Mr. Lurie said in an interview that he intended to campaign on solving the city’s quality-of-life problems, and that he blames Ms. He said that he decided to run for mayor when he was walking his 9-year-old son and 12-year-old daughter to school, and they saw a man stumbling down the street, naked and screaming.
Persons: Daniel Lurie, Levi Strauss, Lurie, Breed Organizations: Mayor London Breed, San Locations: San Francisco, Potrero Hill
Springboks still on track to win World Cup - coach Nienaber
  + stars: | 2023-09-23 | by ( ) www.reuters.com   time to read: +2 min
PARIS, Sept 23 (Reuters) - South Africa's lack of accuracy close to the Ireland tryline and off the kicking tee were major contributors to their epic 13-8 loss in a Rugby World Cup Pool B showdown on Saturday but the belief that they can win the World Cup still burns bright. By contrast, South Africa had numerous entries into the Ireland 22 but a mixture of excellent defence and their own inaccuracy proved costly as they slipped to a first World Cup defeat in nine games. "Hats off to Ireland, we missed a couple of points off the tee but I won't say it's only goal-kicking (that was the problem)," coach Jacques Nienaber said. "We lost two balls close to the Ireland tryline and we had another opportunity late on in the game. Nienaber said the defeat did not in any way diminish their belief that they could retain their World Cup crown.
Persons: Manie Libbok, scrumhalf Faf, Klerk, Jacques Nienaber, Nienaber, Siya Kolisi, haven't, Kolisi, Nick Said, Benoit Van Overstraeten, Marine Strauss, Clare Fallon Organizations: Ireland, Rugby, Springbok, Thomson Locations: Ireland, South Africa, Tonga, Marseille
Total: 25