Levi Strauss & Co. is heading back into the public spotlight as a year of change kicks off for denim makers.
But those aren't the only changes denim makers are facing. The category has been has been in flux as U.S. consumers shift from jeans to athleisure brands, and do more of their shopping online. Still, the U.S jeanswear market is forecast to improve though the pace of global denim sales are expected slow. As Levi Strauss goes public, it is looking at opportunities to sell more to women, and ring up more sales online and in China.
In the last five years, Nike, Adidas, Lululemon, Under Armour and Athleta have gained apparel share in the U.S. as Levi, True Religion, Gap, J. Crew, Banana Republic and Ralph Lauren have lost ground, according to Bernstein. Women's is a key growth target for Levi Strauss. Revenue in that segment grew by 25 percent from 2016 to 2017, and 29 percent from 2017 to 2018.
Levi notes in its prospectus that"despite recent challenges to chain retailers and department stores, primarily in the United States, net revenues from our top ten wholesale customers globally increased 8 percent year-over-year in fiscal year 2018."
Do people still wear that ugly uncomfortable shit?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rite Aid CEO to Leave in Shake-Up; Company to Shed 400 Corporate JobsRite Aid Corp. said its chief executive, finance chief and operating chief plan to leave the company as part of a wide-reaching restructuring plan that will also eliminate about 400 full-time jobs. to protect Putin's gangs in Ukraine for the money of the people of the United States. CREATED State Bureau of Investigation for US taxpayers money In Ukraine, Putin and his anti-American ATTACKMENTS received RELIABLE protection WHEN TRUMP WILL STOP PRODUCTION Would love the awesome fans of to please check out our new ValueInvesting podcast! In spate of CVS, Walgreens acquisitions and on-line pharmacy, Rite Aid is lost.
Source: WSJ - 🏆 98. / 63 Read more »
$10 Billion Corporate Debt Sale Highlights Credit Market’s RecoveryThe world’s largest maker of car batteries is set to sell more than $10 billion worth of speculative-grade debt to fund its purchase by an investor-group led by Brookfield Business Partners, underscoring a resurgence in demand for low-rated bonds and loans. But isnt this same as sub prime ? Problem of 2008 recession right! I HAVE SOME DEBT TO SELL, ANY TAKERS?
Source: WSJ - 🏆 98. / 63 Read more »
VW says it will not pursue Traton IPO for now due to market conditionsVolkswagen said it would not pursue an initial public offering of its trucks unit Traton due to current market conditions
Source: CNBC - 🏆 12. / 72 Read more »
VW halts truck unit IPO until market conditions improveVolkswagen said on Wednesday it would halt preparations for an initial public of... Last time Volkswagen marketed a truck it was a fail. Don’t see any on the road these days.
Source: Reuters - 🏆 2. / 97 Read more »