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April 10, 2019
NEW YORK (AP) — Levi Strauss & Co. swung to a profit and reported a nearly 7% increase in net revenue during the company's fiscal first quarter, an indication the jeans maker's investments online and in its denim products are paying off.
The company said it also plans to invest as much as $200 million to open 100 new stores over the next year as well as invest in other areas. It currently operates roughly 800 stores globally.
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