Sales down 18.4% at Deckers - footwearbiz: Leading site for global foo

News

Sales down 18.4% at Deckers

02/08/2016
Sales down 18.4% at Deckers
Footwear group Deckers Brands reported a 18.4% drop in sales in the first quarter of the 2016/2017 fiscal year. Total revenue came in at $174.4 million. The company said the decrease was due to the timing of shipments and that results were better than internal projections.

“We are encouraged by our start to fiscal 2017, and we remain on track to deliver the sales and profitability targets we established for the year,” said Dave Powers, president and CEO of Deckers.

Sales of the Ugg brand dropped 19.8% year-on-year to $91.9 million, the Teva brand saw a 17.3% decrease in revenue to $34.7 million and revenue from the Sanuk brand was down 20.2% to $26.7 million.

There was a drop in sales both domestically and overseas. Sales in the US decreased 18.6% to $109.5 million and international sales were down 18.2% to $64.9 million.

Related stories:

Ugg issues advice on spotting counterfeit products 05/12/2016
Slight fall in sales at Deckers 31/10/2016
New product lead for Sanuk brand 12/10/2016
Former Ugg president joins Vionic 23/08/2016
Ugg opens third Las Vegas store 16/08/2016
Top ten footwear groups, names and numbers 09/06/2016
Deckers records increased sales, names new CEO 31/05/2016
Job losses on cards as Deckers closes stores and restructures brands 08/02/2016
Deckers clamps down on fake Uggs 23/11/2015
Nike and Puma veteran heads to Deckers 04/11/2015
Deckers enters ‘new phase’ as main brands falter in second quarter 03/11/2015
Dip for Ugg but Deckers CEO remains confident 05/08/2015
Diversifying UGG offering drives record sales at Deckers 02/06/2015

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.