Could the days of eskihoes be numbered!?
In their third quarter earnings report, Deckers Outdoor Corp. said UGG profits dropped 31%, which they're blaming on warm weather and price increases.
To remedy the situation, Deckers plans to cut prices on certain styles, but some analysts don't think that's enough.
Tags: deckers outdoor corp, eskiho, eskihoes, sales decline, sam poser, sterne agee, third quarter, ugg, ugg boots
Wait for it…wait for it….okay Netflix competitors! Go! Go! Go!
In the latest chapter of Netflix's Downward Spiral, the company has officially lost 800,000 U.S. subscribers in the third quarter! Wow.
Apparently, that's 210,000 more subscribers than Netflix had projected they'd lose. Wow X2.
The company's shares have now
Tags: competitors, customers, downward spiral, ireland, netflix, prices, subscribers, third quarter, uk
Joe's Jeans reported a $2 million net loss in the 3rd quarter ending August 31st.
Sales were down more than 5%, but they're blaming that mostly on inventory writedown.
Despite the bad news, Joe's CEO Marc Crossman says their fall collection sales are "outpacing stock levels and generated numerous reorders in our fourth quarter".
For their sake, we hope it lasts.
Tags: joes jeans, loss, marc crossman, sales decrease, third quarter
What's their secret!?
Once again Burberry is reporting a huge increase in sales.
For the third-quarter, the British label's revenue was up 26.3% compared to a year ago.
Burberry's attributing the massive increase thanks to the demand of men's satchels in China and Asia.
[Image via AP Images.]
Tags: asia, china, sales increase, satchels, surge, third quarter
We need to start calling this 'The Snooki Effect!'
MTV has just released their 2010 third quarter ratings, which have reportedly risen a record 30% for the network's P12-34 audience, thanks to shows like Jersey Shore and Teen Mom!
This marks its third consecutive quarter of year over year growth, and the HIGHEST rated quarter in THREE YEARS!
Congrats, guidos and guidettes! Look what you've done!
Tags: impressive, jersey shore, mtv, network, ratings, reality television, record breaking, snookerdoodle, snookerized, teen mom, the snooki effect, third quarter