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Levi Strauss

Levi’s New Stretch Is Selling Directly to Consumers

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Levi Strauss CFO on Navigating Excess Inventory, His Expanded Role and Slower Hiring  

Levi Strauss & Co. has kicked off a U.S. rollout of a system aimed at gaining better visibility into where its inventory is located and how well its branded stores are stocked, as the jeans maker continues to navigate excess supply and weaker spending from cost-conscious customers. The San Francisco-based company last week launched its new enterprise-resource-planning, or ERP, system in the U.S. after using it in Mexico and Canada, taking another step toward expanding its…

SCOTUS Take on Jack Daniel’s Dispute Against Parody Dog Toy

Photo: Stephen Lovekin (Getty Images)Whiskey conglomerate Jack Daniel’s Property, Inc has filed a dispute against the dog toy maker VIP Products LLC for making a toy parody of its signature whiskey bottle. The company has even successfully pushed the U.S. Supreme Court to hear their dispute, which they agreed to on Monday. SCOTUSblog shared the news in a Twitter post, writing that the nation’s highest court had agreed to hear the dispute between Jack Daniel’s and the toy manufacturer, adding, “The case will have

Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss

Kohl’s Corp. KSS 8.31% Chief Executive Michelle Gass is leaving the department-store chain early next month to join Levi Strauss LEVI -1.74% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors for sales declines and a steep drop in the company’s stock price. In September,…

Levi Posts Small Sales Increase Amid Supply-Chain Challenges

Levi Strauss LEVI -3.92% & Co. posted a slight sales boost in the latest quarter in the face of currency fluctuations and supply-chain challenges that the company said hampered its sales. The San Francisco-based company said Thursday that revenue increased 1% to $1.52 billion in its fiscal third quarter, or up 7% excluding currency fluctuations. Analysts polled by FactSet expected $1.6 billion in total revenue. Levi operates its…

Levi Strauss Sales Rise as Retail Sector Grapples With Growing Inventories

Levi Strauss LEVI 3.86% & Co. posted higher sales in the latest quarter, sidestepping for now issues related to excess inventory among retailers and a slowdown in consumer spending.The San Francisco-based company said Thursday that revenue rose 15% to $1.47 billion in its fiscal second quarter. Analysts polled by FactSet expected $1.43 billion in total revenue. Levi both operates its own stores and sells its products through larger retailers such as…