Levi Strauss & Co. has issued a forecast for tepid holiday quarter revenue, citing weak demand from retailers and consumers paring back spending. This outlook suggests a challenging environment for the upcoming holiday season.
The company's shares experienced a significant decline in premarket trading following this forecast, reflecting investor concerns about the revised expectations. This indicates a potential slowdown in consumer discretionary spending.
The sluggish forecast highlights the macroeconomic pressures impacting the retail sector. Levi Strauss is grappling with broader market conditions that are affecting demand across its distribution channels.
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