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

Search resuls for: "Levi's"


21 mentions found


Morgan Stanley upgrades Gap to equal weight from underweight Morgan Stanley said it sees more "upside than downside" for the stock. Morgan Stanley downgrades Skechers to equal weight from overweight Morgan Stanley downgraded the stock on valuation. Morgan Stanley names Apple a top 2023 pick Morgan Stanley said Apple is a "rare best-of-both worlds outperformer." Morgan Stanley names Amazon a top 2023 pick Morgan Stanley said Amazon is operating from a "leading e-commerce profit generating position." Morgan Stanley downgrades IBM to equal weight from overweight Morgan Stanley downgraded IBM and said "late cycle outperformance [has] runs its course."
Organizations: & $
Weaker demand for denim products could prove a major headwind for shares of Levi Strauss in the near future, according to Citigroup. Analyst Paul Lejuez downgraded the jeans maker to neutral from a buy rating, citing comments from other management teams indicating a slowdown in denim trends that began during the back-to-school season and persisted into the holidays. Even after plummeting 38% in 2022 and underperforming Citi's broader coverage group over the past 12 months, Lejuez said Levi shares still don't look cheap. As a result, he trimmed Citi's price target to $17 from $19, suggesting that shares will only stay near Tuesday's closing price. "LEVI's ability to reduce promos and raise prices will likely be diminished in F23 as the denim category is facing a broad slowdown," Lejuez wrote, adding that he expects caution from management when it shares the outlook for 2023.
Bank of America downgrades Coinbase to underperform from neutral Bank of America said it sees too many headwinds for the crypto exchange. Goldman Sachs downgrades Jefferies to neutral from buy Goldman said it sees a "backlog decline" for the investment bank company. Bank of America upgrades Toll Brothers and Pulte Group to buy from neutral Bank of America upgraded several homebuilders, citing compelling valuations. "We upgrade PulteGroup to Buy (from Neutral), Toll Brothers to Buy (from Neutral), and Lennar to Neutral (from Underperform). Bank of America upgrades Dow to neutral from underperform Bank of America said it's taking a more "offensive" approach to the stock.
The agreement is a strong one for both the league and Alphabet (GOOGL), the parent company of Google and a Club holding. It's not hard to see why the National Football League would want to distribute games with such an established streaming player like YouTube. Amazon (AMZN) already has Thursday Night Football , while Apple (AAPL) previously secured the rights to Major League Baseball and Major League Soccer games. What's good for ad buyers is good for Alphabet as it will pull more advertising dollars into the company's various offerings. As noted during Thursday's "Morning Meeting" for Club members, monetization opportunities are not exactly clear beyond additional advertising and YouTube subscription revenues.
Whether it be draft position or playoff seedings, each game means something to each team as Week 14 of the NFL season kicks off in earnest on Sunday. And, as a result, the Jets’ season has metamorphosed from shoots of optimism to playoff hopes. Sunday will see Tom Brady face off against seventh-round rookie Brock Purdy as the Tampa Bay Buccaneers travel west to face the San Francisco 49ers. Despite playing his first meaningful action and with his team’s season possibly on the line, Purdy never looked fazed, leading the 49ers to an important victory. Australia: NFL Game Pass, ESPN, 7PlusBrazil: NFL Game Pass, ESPNCanada: CTV, TSN, RDS, NFL Game Pass on DAZNGermany: NFL Game Pass, ProSieben MAXX, DAZNMexico: NFL Game Pass, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL Game Pass, Sky Sports, ITV, Channel 5US: NFL Game Pass, CBS Sports, Fox Sports, ESPN, Amazon Prime
A pair of "miner's pants" recovered from an 1857 shipwreck were sold last week for a hefty price tag. This isn't the first time vintage Levi's recently sold for a small fortune: jeans from the 1880s sold for $76K in October. A pair of "miner's pants" recovered from an 1857 shipwreck were sold at an auction for a hefty price tag: $95,000. While the original color of the pants is unknown, the 5-button fly "strongly suggests these were an early manufacture of work pants sold by Levi Strauss," the auction site Holabird wrote. This isn't the first time Levi's jeans sold for a small fortune in recent history.
Jeans as we know them today were born decades later when Strauss teamed up with a tailor to create riveted pants. The Levi Strauss factory in San Francisco in 1882. He purchased fabric from Strauss and made button-fly pants, which were such a hit among customers, he decided to patent them. Modern-day jeans were born, though at the time, they were called "waist overalls" or simply "overalls." The name comes from the French word "Gênes," meaning Genoa, an Italian port city where sailors often dressed in denim, Vice reports.
Uniqlo's Manhattan flagship store offers low-cost repairs to worn clothes from the brand. PatagoniaWorn Wear is Patagonia's way of extending the life of its garments by allowing customers to trade in old clothes for store credit. According to the site, the old jeans are repurposed as part of a collaboration with Cotton's Blue Jeans Go Green, another recycling program. ReformationReformation's clothes recycling program, RefRecycling, has operated since 2015. LululemonLululemon's "Like New" section offers customers the option of gently used activewear at a cheaper price than the brand's new clothing.
Nov 8 (Reuters) - Kohl's Corp (KSS.N) Chief Executive Michelle Gass will step down and take the helm at Levi Strauss & Co (LEVI.N) amid renewed calls from activist investors for management and board reshuffles at the struggling department store chain. Gass came under renewed pressure from hedge funds Macellum Advisors and Ancora Holdings after Kohl's decided in July to remain independent after exploring a sale. The former Starbucks (SBUX.O) executive, who became Kohl's CEO in 2018, will leave in December to become president at Levi's early next year before taking over from long-time boss Chip Bergh within 18 months. At Levi's, Gass faces the challenge of helping the denim maker navigate out of an inflationary environment that has caused a slump in discretionary spending and hit earnings. Kohl's said Tom Kingsbury, a director nominated by Macellum and Ancora last year, will serve as interim CEO from Dec. 2.
Levi's names Kohl's Michelle Gass as chief executive
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: 1 min
Nov 8 (Reuters) - Levi Strauss & Co (LEVI.N) on Tuesday named current Kohl's Corp (KSS.N) Chief Executive Officer Michelle Gass as its next CEO, replacing Chip Bergh. Gass will leave Kohl's in December to become president of Levi's and will report to Bergh before taking over as chief executive within the next 18 months. Kohl's said Tom Kingsbury, a director on the department store chain's board and former Burlington Stores Inc (BURL.N) chief executive, will serve as interim CEO from Dec. 2. Kohl's shares rose 11% in premarket trading, after it also forecast better-than-expected third-quarter earnings. Reporting by Uday Sampath in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Kohl’s CEO leaves for Levi’s
  + stars: | 2022-11-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
Activist groups have pushed Kohl’s (KSS) to spin-off its online business, sell its real estate or take the company private. Michelle Gass is leaving Kohl's for Levi's. “It is fair to say that Gass has saved Kohl’s from more serious decline.”Meanwhile, Levi (LEVI) has grown since it went public again in 2019. Gass will join the company in January as president and take over as CEO within 18 months, succeeding current CEO Chip Bergh, Levi’s said in statement. Gass leaving Kohl’s for Levi’s is symbolic of a larger shift in retail’s power balance.
Levi's names Kohl's Michelle Gass as next chief executive
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +2 min
Nov 8 (Reuters) - Levi Strauss & Co (LEVI.N) on Tuesday named current Kohl's Corp (KSS.N) Chief Executive Officer Michelle Gass as the next CEO of the denim maker, succeeding long-time head Chip Bergh. Gass' departure from the struggling department store chain comes as activist investor groups push for management and board reshuffles, including a change of CEO. Gass will leave Kohl's in December to become president of Levi's early next year, and will take over as chief executive within the next 18 months. Kohl's said Tom Kingsbury, a director who was nominated by Macellum and Ancora last year, will serve as interim CEO from Dec. 2. Kohl's forecast third-quarter earnings of 82 cents per share, compared with analysts' estimates of 64 cents, according to Refintiv IBES data.
As Levi Strauss & Co. searched for its next leader, it got help from a surprising source. Levi CEO Chip Bergh said pressure from activist investors prompted Kohl's CEO Michelle Gass to consider the job. On Tuesday, Levi announced that Gass will join the company in January as president and become chief executive within 18 months. "She's been through the wars," Bergh told CNBC. Gass has led an embattled Kohl's, which has rebuffed repeated attempts by activist investors to push her out.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm a little surprised Michelle Gass is stepping into the CEO role at Levi's, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, and Dana Telsey, Telsey Advisory CEO, join 'Squawk on the Street' to discuss the leadership changes at Kohl's and Levi's.
Kohl's said Tuesday that CEO Michelle Gass is leaving the company for a new opportunity as its sales continue to fall. In a separate release, Levi Strauss & Co. said Gass will join the company in early January as president and step into the role of CEO within the next 18 months. Kohl's — and Gass — have been under pressure from investors. Its push for new leadership intensified after Kohl's terminated talks this summer to sell to the Franchise Group, owner of The Vitamin Shoppe. The board appointed Tom Kingsbury, a Kohl's director since last year, to serve as interim CEO.
The New York-based company's shares were down about 12% in premarket trade after the company also forecast second-quarter sales and profit below estimates. Sales growth of many U.S. companies such as Estee and Canada Goose have been impacted in China, with the country implementing a zero-COVID policy to fight rising infections. Estee generated about 31% of its sales from the Asia-Pacific region in fiscal 2022, according to a regulatory filing. However, European peers Kering (PRTP.PA) and cosmetics group L'Oreal (OREP.PA) had posted strong quarterly sales last month as robust demand in Europe and the United States helped them offset disruptions in China. Estee now expects 2023 net sales to decrease between 6% and 8%, compared with the prior forecast of a 3% to 5% growth.
A pair of Levi's jeans from the 1880s sold for $76,000 at an October 1 auction in New Mexico. The vintage jeans were found in an old mine years ago and are still marked by candle wax. Kyle Haupert, a 23-year-old vintage clothing dealer from San Diego, bought the pants at an auction on October 1. Haupert documented the auction and the pair of prized denims on the Instagram account of his shop, Golden State Vintage. A post shared by Golden State Vintage (@goldenstatevtg)"These speak for themselves," Haupert wrote on the Instagram post featuring the jeans.
S&P 500 firms may beat quarterly earnings expectations at a lower pace than the first half of the year, Goldman Sachs says. Continued dollar strength should "support the performance of stocks with 100% domestic sales" relative to those that have a higher proportion of foreign sales, the strategists said. Dollar strength, corporate taxes stemming from the government's new Inflation Reduction Act, and headwinds to margins are elements that could lead to negative revisions to S&P 500 consensus estimates for 2023 per-share earnings, the bank said. If investors price a recession scenario, the [S&P 500] index would fall to 3,150." The S&P 500 on Tuesday was up slightly, at around 3,663.
OPEC+ agreed to cut production. But the group — which includes Saudi Arabia, the United Arab Emirates, and Russia — agreed Wednesday to slash daily oil production by 2 million barrels, in a bid to send crude prices higher. But OPEC+ defended their decision, saying it was in response to "uncertainty that surrounds the global economic and oil market outlooks." At a news conference after the meeting, the Saudi energy minister added: "We would rather be pre-emptive than be sorry," the New York Times reports. The country's deputy prime minister, Alexander Novak, said the EU's plan could lead to Russia temporarily cutting oil production further — a move that would see crude prices rise, and gasoline follow.
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. As some shoppers reduce their spending on clothes, Walmart is rolling out a new tool that it hopes will nudge them toward clicking the "buy" button. Starting this week, customers can use a virtual try-on tool to see how a shirt or another clothing item would look on their own bodies. It is the latest feature the company has added to its website because of the acquisition of Zeekit, a virtual fitting room startup. The newest feature for Walmart, "Be Your Own Model," uses algorithms and machine learning technology that was originally used to develop more accurate topographic maps.
Fostul model, pe numele său adevărat Ivor Neville Kamen, a devenit cunoscut în 1985, după ce a apărut într-o reclamă la marca de jeans Levi's 501, în care era văzut într-o spălătorie, purtând doar boxeri în timp ce mai multe femei îl urmăreau cu privirile, scrie Agerpres. Reclama, pe acordurile piesei „I Heard It Through The Grapevine” a lui Marvin Gaye, a contribuit la creşterea vânzărilor mărcii şi l-a propulsat pe Kamen la rangul de „sex simbol”, fapt ce a atras atenţia divei pop Madonna. Fascinată de carisma şi de vocea frumoasă a modelului britanic, după cum a declarat ea atunci postului BBC, Madonna i-a permis lui Kamen să înregistreze una dintre piesele ei rămase în afara albumului „True Blue”, iar artista a asigurat partea de backing vocals. Cu piesa „Each Time You Break My Heart” compusă de Madonna, Nick Kamen a ajuns pe locul 5 în topul muzical din Marea Britanie şi s-a clasat pe primul loc în topurile din Austria şi Suedia cu hitul „I Promised Myself” din 1990. Ştirea decesului său a suscitat emoţie în lumea muzicii, John Taylor, de la Duran Duran, asigurând că modelul a fost „unul dintre cei mai amabili şi mai afectuoşi bărbaţi” pe care i-a cunoscut vreodată.
Persons: Ivor Neville Kamen, jeans, Marvin Gaye, Kamen, Madonna, Nick Kamen, John Taylor, Duran Duran Organizations: BBC Locations: Britanie, Austria, Suedia
Total: 21