Beyond Yoga news and archive

Levi Strauss announces strategic review of Dockers to drive growth

For the third quarter, Levi Strauss net revenues of 1.5 billion dollars were flat on a reported basis, and 2 percent higher on a constant-currency basis. Levi Strauss announced that it has initiated a formal review of strategic alternatives for the Dockers brand, which could include a potential sale or other strategic transaction. The company’s...

BusinessFeatured

Levi Strauss Q2 revenues increase, maintains full year outlook

Second quarter revenues at Levi Strauss of 1.4 billion dollars were 8 percent higher on a reported basis and 9 percent higher on a constant-currency basis. However, adjusting for the shift in wholesale shipments and the exit of the Denizen business, the company's revenue would have been up 1 percent or 2 percent in constant currency. Net income...

PeopleFeatured

Beyond Yoga ropes in ex-Athleta executive Nancy Green as CEO

Beyond Yoga, athletic and lifestyle apparel brand owned by Levi Strauss has announced that co-founder Michelle Wahler will step down as CEO and Nancy Green, former CEO and president of Athleta, will assume the role. The company said in a statement that Green will join Beyond Yoga as CEO on February 1, 2024 to scale the brand’s continued growth...

BusinessFeatured

Over one million dollars recovered for Californian garment workers

The US Department of Labor has said that it has recovered over one million dollars in back wages and damages for 165 garment workers after an investigation found a series of malpractices by Los Angeles garment contractors. The settlement, considered to be the largest for Californian garment workers to date, was linked to the operations of four...

BusinessFeatured

Levi Strauss Q2 revenues drop, lowers outlook

Second quarter net revenues at Levi Strauss & Co. of 1.3 billion dollars decreased 9 percent on a reported and constant-currency basis. The company said in a release that the planned shift in wholesale shipments from Q2 to Q1 negatively impacted the quarter performance by approximately 100 million dollars or 7 percent of net revenues. Net loss...

Retail

Beyond Yoga opens first store following acquisition by Levi Strauss

One year after its acquisition by Levi Strauss, athletic apparel brand Beyond Yoga has taken its first foray into physical retail. The LA-based brand opened its debut store in Santa Monica on Wednesday at 1409 3rd Street Promenade. The 4,000 square foot store carries the brand’s entire category range including active, lifestyle, maternity,...

BusinessFeatured

Levi Strauss posts revenue growth, reaffirms outlook

Levi Strauss & Co. second quarter net revenues were 1.5 billion dollars, an increase of 15 percent on a reported basis, and 20 percent on a constant-currency basis excluding 47 million dollars in unfavourable currency impacts. Net income decreased to 50 million dollars due to the decrease in operating income, while adjusted net income rose to...

BusinessFeatured

Levi Strauss posts sales and earnings growth, raises outlook

Levi Strauss & Co. has reported net revenues of 1,498 million dollars, an increase of 41 percent on a reported basis, and 38 percent on a constant-currency basis, compared to the same period in the prior year. The company’s wholesale net revenues increased 45 percent reflecting strong demand in the U.S. and Europe, direct-to-consumer (DTC) net...

BusinessFeatured

Levi Strauss enters activewear segment with acquisition of Beyond Yoga

Levi Strauss & Co has announced it is to buy US-based premium athletic and lifestyle apparel brand Beyond Yoga for an undisclosed sum as it steps into the high-growth activewear segment. The US denim giant said the move will help diversify its business and will “provide substantial net revenue opportunity over time through channel, geographic,...