Levi Strauss & Co Says In Most Countries, Workforce Actions Announced In During Q4 Earnings In January Will Take Place This Week; Co. Activated Initial Reduction Of 13% Across Levi's Product Assortment For H1'25, Deprioritizing Footwear In Some Regions
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss & Co announced that workforce actions revealed during Q4 earnings in January, including a 13% reduction across Levi's product assortment for H1'25 and deprioritizing footwear in some regions, will be implemented this week in most countries.
February 27, 2024 | 6:37 pm
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Levi Strauss & Co is set to implement previously announced workforce actions and a 13% reduction in product assortment for H1'25, with a strategic shift away from footwear in certain regions.
The announcement of workforce reductions and a significant cut in product assortment, especially the deprioritization of footwear, could lead to short-term negative sentiment among investors. These actions, while potentially beneficial in the long term for operational efficiency, might raise concerns about immediate sales impact and market positioning, especially in regions where footwear is deprioritized.
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