South Shore school lunch program setting the standard | SaltWire #school #lunch #education - Levi Strauss raised its annual profit forecast on Wednesday, citing the apparel maker's recent cost savings from job cuts and less aggressive discounts on its jeans and denim clothing.
However, Chief Financial Officer Harmit Singh said the jeans maker is"feeling good" about a more"stable" U.S. consumer in a call with Reuters on Wednesday. With shoppers spending less on clothing amid sticky inflation, many chains that carry Levi's jeans have pared back their orders in order to keep their inventories lean."We're going to be reducing about 15% of our SKUs and really think about expanding in goods that are actually resonating with the consumer," Singh said."What's really resonating these days is the baggier fit, the low, loose assortment.
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