Levi Strauss IPO comes as denim market braces for year of corporate shake-ups.
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."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Levi Strauss IPO comes as denim market braces for year of corporate shakeupsLevi Strauss is expected to begin trading on Thursday. The move comes as its next closest U.S. competitors, VF Corp and Gap Inc., plan corporate shake-ups of their own and customers shift their shopping habits.
Consulte Mais informação »
Levi Strauss prices IPO at $17 a share
Consulte Mais informação »
Levi Strauss prices IPO at $17 a share, will raise more than $600 millionLevi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
Consulte Mais informação »
Levi Strauss valued at $6.6 billion as IPO prices above targetLevi Strauss & Co fetched a higher price than expected in its initial public off...
Consulte Mais informação »
Levi Strauss IPO seeing high demand, more than 10 times oversubscribed: SourcesBlue jeans giant Levi Strauss & Co.'s Thursday initial public offering is more than 10 times oversubscribed, sources familiar tell CNBC.
Consulte Mais informação »
Guess shares tumble on earnings shortfall as Levi Strauss IPO loomsShares of clothing company Guess tanked nearly 14 percent in the premarket Thursday after reporting earnings that missed analyst expectations.
Consulte Mais informação »
Levi Strauss shares open at $22.22 in IPO, as jean giant makes return to the public marketBlue jeans giant Levi Strauss & Co began trading on the New York Stock Exchange at $22.22 a share, after having priced its initial public offering at $17 a share the night prior.
Consulte Mais informação »
Levi Strauss & Co. Cl ALevi Strauss & Co. Cl A stock price, stock quotes and financial overviews from MarketWatch.
Consulte Mais informação »
Levi Strauss shares soar after company's second IPO — four experts reactLevi Strauss' initial public offering marks a new era for the 166-year-old denim company, Wall Street experts say.
Consulte Mais informação »
Levi Strauss IPO looks a few sizes too bigThe 166-year-old jeans-to-jumpsuits maker is worth $8.7 bln after shares popped 33 pct on its return to the public market. That’s perhaps justified, but it’s a stretch, suggesting denim will remain in vogue. Recent bankruptcies of two rivals are a reminder such fashion fads fade.
Consulte Mais informação »