Levi’s gives upbeat sales forecast — while leaning less on jeans

Shares of Levi Strauss & Co. rallied after hours on Wednesday after the jeans maker reported fourth-quarter results and a full-year sales forecast that beat expectations, even as demand at its own stores clashed with a pullback among clothing retailers and a harsher foreign-exchange backdrop. However, a big chunk of those sales came from non-jeans, … Read more

Shoppers are ditching jeans for cargo pants and chinos, retail execs say

The nation’s pants ecosystem is showing signs of rebalancing, potentially at the expense of jeans maker Levi Strauss & Co., BofA analysts said on Wednesday. Demand for denim is slowing, they say, pointing to recent commentary from executives. More customers have begun buying cargo pants, chinos and other nondenim pants as they return to the … Read more