ugg australia discount code Shares in Ugg manufacturers take sharp tumble after warm weather dents sales of iconic furry boots
While Deckers is facing many of the same challenges as its peers soft consumer spending, an uncertain European economy and higher costs the trends at Deckers have investors worried about bigger problems.
Women used to go to great lengths to afford the shoes and they were so popular that they were often sold out by the end of the season, further driving demand. But Poser suggests those days may be over.
Ugg travaganza: The boots are celebrity favourites for their comfort, and are worn by actress Ashley Tisdale, left, and Gossip Girl’s Blake Lively,
A number of analysts shared his concerns but some were more forgiving on their take of the Ugg brand.
Jefferies Company Inc. analyst Taposh Bari downgraded Deckers to ‘Hold’ from ‘Buy’ saying that the company missing estimates again makes it difficult to assume that the tough times are over. There are few catalysts in its future to drive sales, outside of a Nordstrom sale in the fall.
However, Bari said that Ugg brand is not as impaired as others may think.
The brand’s spring line performed well and Bari’s talks with retailers show that the brand is alive and well.
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