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Levi Strauss trims annual profit forecast on higher costs, slowing consumer spending

(Reuters) -Levi Strauss & Co cut its annual profit forecast on Thursday, in a sign that higher costs were weighing on the maker of denim clothing's margins as it struggles with falling sales at its wholesale channel in North America. Shares of the company fell about 6% in extended trading, as it joined peer American Eagle Outfitters on weak consumer spending outlook. "Macro effects of higher inflation in a slowing U.S. economy have put increased pressure on the price-sensitive c...
United States Shweta Agarwal Granth Vanaik American Eagle Outfitters Levi Strauss Co Levi Strauss
Source: yahoo.com

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Wash less, save more | Borneo Bulletin Online

AFP – Washing clothes has a considerable impact on the environment, and especially on the oceans. This is due to the release of microplastics from the synthetic fibres used in the fashion industry. However, there are simple steps everyone can take to reduce the frequency of clothes washing, saving the planet and saving money at […]
France Agency For Ecological Transition Ocean Wise Oceans Canada Ecological Transition Chip Bergh 211 Washing Clothes Considerable Impact Environment

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