Ugg news and archive

Deckers Brands Q1 net sales up 22.1 percent

Deckers Brands net sales increased 22.1 percent to 825.3 million dollars for the first quarter, while on a constant currency basis, net sales increased 23 percent. Gross margin for the quarter was 56.9 percent, operating income rose to 132.8 million dollars and diluted earnings per share increased to 4.52 dollars. For the fiscal year 2025, the...

BusinessFeatured

Deckers reports ‘record’ results for FY24, Hoka and Ugg drive sales

Footwear and apparel group Deckers reported strong results for the fiscal year 2024, with net sales rising 18.2 percent to 4.288 billion dollars. Sales were largely driven by two of its portfolio brands, Hoka and Ugg, which saw net sales increase 27.9 percent and 16.1 percent, respectively. Elsewhere, net sales took notable hits. Teva, for...

People

Deckers Brands promotes Marco Ellerker to president of global marketplace

Deckers Brands has promoted Marco Ellerker to the newly created role of president of global marketplace, effective August 1, 2024. In his new role, Ellerker will oversee the omni-channel teams for all brands globally. He will become a member of the executive leadership team, reporting directly to Stefano Caroti, incoming chief executive officer...

BusinessFeatured

Deckers posts strong Q3, names Stefano Caroti as new CEO

Deckers Brands net sales increased 16 percent to 1.560 billion dollars in the third quarter, while on a constant currency basis, net sales increased 15.1 percent. The company also announced that Dave Powers has decided to retire as president and CEO, effective August 1, 2024. Stefano Caroti, the company's chief commercial officer, will be...

Fashion

StockX report: Ugg, Asics and Jacquemus among fastest growing brands

Online marketplace StockX has released its latest annual report, Big Facts: Current Culture Index, in which it has outlined the “top-traded and fastest-growing brands” on its platform over the past year. It comes after the company celebrated the milestone of surpassing 50 million lifetime trades in 2023, an achievement it said had largely been...

Business

Ugg removes ‘humane’ claims following PETA cease and desist

Footwear specialist Ugg is understood to have removed the claim that its animal supply chain was humane following a cease and desist order for the People for the Ethical Treatment of Animals (PETA). It comes after the animal welfare organisation initiated legal action against Ugg in November in reference to the company’s “misleading” statements...

Business

PETA takes legal action against Ugg over ‘deceptive’ claims

People for the Ethical Treatment of Animals (PETA) has initiated legal action against footwear specialist Ugg over its “misleading” claims regarding the use of animal products in its shoes. PETA said that it had sent the American company a cease and desist letter demanding that it removed such statements from its website and marketing, giving a...

Business

Deckers Brands Q2 net sales jump 24.7 percent

Deckers Brands second quarter net sales increased 24.7 percent to 1.092 billion dollars, while on a constant currency basis, net sales increased 24.2 percent. Gross margin was 53.4 percent compared to 48.2 percent, operating income was 224.6 million dollars compared to 127.8 million dollars and diluted earnings per share were 6.82 dollars...

BusinessFeatured

Deckers Brands Q4 profits widen, Hoka drives sales growth

Deckers Brands has reported a 7.5 percent increase in sales in the fourth quarter driven by a continued strong performance by Hoka. The company, which also owns footwear brand Ugg, made net sales 791.6 million dollars in the three months to March 31, up from 736 million dollars a year earlier. On a constant currency basis, sales were up 10.2...

BusinessFeatured

Deckers Brands ups FY guidance on strong Q3

Deckers Brands has upped its full-year sales and profit outlook after reporting both top- and bottom-line growth in the third quarter of the year. The US company reported a 13.3 percent increase in Q3 sales to 1.188 billion dollars. On a constant currency basis, sales were up 17.5 percent. Breaking it down by channel, wholesale sales increased 8...

Business

Ugg reportedly set to remove presence in independent retailers

Footwear brand Ugg is reportedly set to remove its products from the shelves of independent retailers. The Deckers Brands-owned label is said to have told indies that they won’t be supplied with Ugg boots from as early as next year as the group looks to concentrate its business on multiples. The news was reported by Drapers, which said one...

BusinessFeatured

Deckers Brands Q2 net sales up 21 percent, Ugg and Hoka stand out

Deckers Brands has reported a jump in net sales in the second quarter, driven by strong growth at its Ugg and Hoka brands. In the three months to September 30, net sales came in at 721.9 million dollars, up 21.3 percent year-over-year, or up 24.8 percent on a constant currency basis. Sales at Ugg increased 6.3 percent to 476.5 million dollars in...