Levi Strauss & Co reported a 5% increase in sales for its Levi’s brand, but overall revenue was flat due to declining Dockers sales, prompting consideration of a sale. Earnings per share were 33 cents, beating expectations, while revenue fell short at $1.52 billion. Levi’s plans to focus on direct sales strategy and profitability, including a partnership with Beyoncé, as it navigates challenges in global markets like China and the Americas.
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Five takeaways on Trump’s opening trade salvo
Donald Trump did not impose new trade tariffs on the first day of his second term, but outlined an "America First Trade Policy" focusing on remedying unfair trade practices and identifying currency manipulators. The president pledged tariffs in the near future, prioritized actions on Canada and Mexico, and signaled a systematic overhaul of trade relations with China. Trump also weaponized tariffs to achieve policy goals beyond reducing trade deficits and considered implementing a "global supplemental...
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