Levi Strauss cuts guidance as it weighs sale of Dockers business – NBC Connecticut
Levi Strauss delivered mixed quarterly results and said it was looking to sell its Dockers business. The jeans maker is seeing strong gains in its namesake brand and Beyond Yoga, but sales at Dockers fell 15% during the quarter. Levi’s focus on direct sales, plus lower cotton costs, saw its gross margin increase 4.4 percentage … Read more