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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Israeli forces to seize ‘large areas’ of Gaza
Israeli forces are intensifying their offensive in Gaza, with plans to seize large areas and create buffer zones, causing concern among officials and aid groups over the humanitarian crisis. Defence minister Israel Katz announced the renewed fighting and evacuation of Gaza's population, urging Palestinians to turn against Hamas. The offensive, in response to Hamas's attack on Israel, has already displaced thousands and left much of Gaza in ruins, with the situation worsening as resources dwindle...
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