Nextgen Stores News Today

Chip Bergh, CEO of Levi Strauss, said Thursday the jeans maker is buying more space as commercial rental offers have risen.

The San Francisco-based company wants to add to its 40 stores and 200 outlet locations in the U.S. in order to boost its direct-to-customer operations, the executive said. "That represents a huge opportunity especially with the, you know, the commercial real estate tsunami that is happening right now," Bergh told CNBCs Jim Cramer in a "Mad Money" interview. Vacancy rates at regional malls rose to a record 11.4% in the first quarter, up from 10.5% in the fourth quarter, according to data from M...