Deckers Brands sales up 20 percent year-over-year
Deckers Brands reported a 20.3 percent year-over-year net increase in sales but still had a net loss of $42.1 million for its fiscal first quarter ended June 30. Sales continued to grow in its direct-to-consumer channel, including its Hoka One One brand, and the figure included wholesale shipments of Ugg products originally expected to ship Read More →
Activist investor demands that Deckers Brands sell company
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Deckers Brands’ losses grow as footwear sales decline
Updated at 4:20 p.m. May 26: Deckers Brands shares jumped more than 18.8 percent to $67.21 on May 26 following an earnings announcement that beat analyst expectations and continued to climb in after-hours trading. Deckers reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million Read More →
Deckers Brands considering putting itself up for sale
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Deckers Brands considering putting itself up for sale
Deckers Brands, the Goleta-based maker of Ugg boots and other footwear, said April 25 that it is considering strategic alternatives that could include selling the company. Red Mountain Capital Partners, an investment firm that owns a 3.3 percent stake in Deckers, has been pressuring Deckers’ management team to explore options that include a sale or Read More →
Investor wants Deckers Brands to consider sale
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Investment firm asks Deckers Brands to explore sale
An investment firm that owns a 3.3 percent stake in Deckers Brands wants the Goleta-based shoe company to explore options for seeking a sale or merger. In a letter dated March 27, Santa Monica-based Red Mountain Capital Partners said it was concerned about the “persistent underperformance” of Deckers’ stock. Red Mountain managing partners Willem Mesdag Read More →
