Why Levi Strauss Stock Climbed 13% in September
Shares of Levi Strauss (NYSE: LEVI) gained 12.7% in value last month, according to data provided by S&P Global Market Intelligence. The stock rebounded following a sharp drop in August, when trade tensions between the U.S. and China kicked into high gear.
Investors have been concerned over two issues facing the jeans maker this year. One has been retail store closures, which have pressured the wholesale channel (two-thirds of Levi's business). The second issue has been tariffs on Chinese imports. But management is actively working to mitigate both problems.
Image source: Levi Strauss.
Source Fool.com
