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
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