Editor
Levi Strauss & Co cut its full-year profit forecast after missing third-quarter revenue on Thursday, as softening demand and a strengthening US dollar adds to worries alongside higher costs, sending shares down 6 percent in extended trading.
Consumers are shifting their focus away from higher-priced products and clothes to essentials due to decades-high inflation, affecting Levi’s and other apparel makers.
The company is more cautious about…
