Australian Prime Minister Anthony Albanese said he is optimistic the country will vote in favor of changing the nation’s constitution to recognize Indigenous people, but will not move to push the issue through legislation if the government’s proposal is rejected.
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Levi's remains 'cautiously optimistic,' though consumers are feeling pressure, CFO saysLevi Strauss & Co. (LEVI) lowered its full-year sales guidance. The apparel company reported mixed third quarter results, with revenue coming in just shy of estimates. The company cited challenges in its wholesale channels like department stores and big box retailers for the weakness. However, Levi Strauss CFO Harmit Singh noted they saw growth in other areas like direct-to-consumer and e-commerce operations. Singh says the consumer has been 'resilient,' but U.S. consumers earnings between $50,000 and $100,000 are feeling some pressure. 'Consumers still shop and love brands they can trust,' Singh tells Yahoo Finance, adding: 'they love brands that offer consumer experience, they love brands that bring newness and relevance, and brands that offer price value.' While acknowledging missed expectations, the CFO said Levi's remains 'cautiously optimistic' that through new ideas and resilient consumer demand, the denim brand can get back to growth. Click here to watch the full interview with Levi Staruss CFO Harmit Singh on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
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Nova Scotia apple growers concerned but optimistic as Philippe approachesExplore stories from Atlantic Canada.
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Nova Scotia apple growers concerned but optimistic as Philippe approachesExplore stories from Atlantic Canada.
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