Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Deckers Outdoor Corp said its chief financial officer resigned to pursue other opportunities.The footwear maker's shares fell about 7 percent to $45, before recovering most of their losses to trade down 5 cents at $48.
Shares of Skechers USA Inc fell more than 29 percent to a five-year low Friday, a day after the shoe maker forecast a surprise fourth-quarter loss and warned of a bleak 2009 as inventory-related costs ate into the com...
Retailers that offer good value or the hottest products should come out on top this holiday season, while those that need deep discounts to lure shoppers could see earnings pressured, analysts said on Monday.
Footwear maker Deckers Outdoor Corp raised its third-quarter outlook and reaffirmed its fourth-quarter forecast as robust demand for its core UGG brand propelled sales at U.S. stores and overseas markets.