Levi Strauss Needs To Learn From Industrial Positions, Says CEO • MV TELEGRAPH
Chip Bergh, CEO of Levi Strauss, said Thursday the jeans maker is buying more space as commercial rental offers have risen.
Source: mvtelegraph.com
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Levi Strauss Wants to Capitalize on Commercial Vacancies as It Expands Footprint, CEO Says
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 CNBC's 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 Moody's Analytics. "It gives us an opportunity to secure great locations at great leases and we're ...
Source: nbcnewyork.com