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LEVI - Levi Strauss & Co News Story

$12.92 0.1  0.4%

Last Trade - 25/09/20

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.02bn
Enterprise Value £4.24bn
Revenue £3.94bn
Position in Universe 1089th / 6417

BUZZ-Most retailers down on intensifying coronavirus fears, amid broader sell-off

Wed 1st April, 2020 6:09pm
** Shares of some retailers, already battered by the
coronavirus pandemic, slide further on Wednesday as the crisis
intensifies
    ** The S&P 500 Retailing Index  .SPXRT  down 2.4% with L
Brands  LB.N  as the biggest loser, amid a broader market
sell-off
    ** All 11 sectors of the S&P 500 index  .SPX  also in the
red
    ** On Tuesday, U.S. President Donald Trump warned Americans
of a tough two weeks ahead with White House health officials
modeling an enormous jump in virus-related deaths even with
strict social distancing measures  urn:newsml:reuters.com:*:nL4N2BP3CX
    ** Ratings agency Fitch downgrades ratings of Macy's  M.N ,
Kohl's  KSS.N , J.C. Penney  JCP.N , Nordstrom  JWN.N  and Levi
Strauss  LEVI.N  on business disruptions and a potential
downturn in global discretionary spending
    ** However, shares of Dollar General  DG.N , TJX Cos
 TJX.N , Walmart  WMT.N  and Kroger  KG.N  were trading in the
black 
    ** Grocery and drug stores are among those allowed to be
open across the world as governments clamp down on public
movement and gatherings to reduce risk of coronavirus
transmission

 (Reporting by Aditi Sebastian)
 ((aditi.sebastian@thomsonreuters.com;;  within U.S. +1 646 223
8780, outside U.S. +91 806 182 2780;))
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