TGT - Levi's Results Warn That Grinch Could Actually Steal Christmas This Year | Benzinga
Levi Strauss & Co (NYSE: LEVI) reported muted third quarter earnings while slashing its annual outlook again after already cutting its full year profit guidance three months ago. The iconic denim maker got dragged down by weaker shopping trends, both at department stores and big-box retailers across the U.S such as Macy’s Inc (NYSE: M), Kohl’s Corporation (NYSE: KSS) and Target Corporation (NYSE: TGT). A month ago, Target posted its first quarterly sales decline in six years due to the slowdown in discretionary spending. Target also opted for a cautionary outlook due to further decline in discretionary categories. Macy’s amplified its leaner and personalized inventory due to also grappling with discretionary softness. As the year winds down, Macy’s also expects consumers to adopt a more ...