Third Quarter Review
“The UGG brand has shown great resiliency over the past year driven by innovative new products and advancements in our marketing, merchandising and selling strategies,” stated Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. “The fall selling season started well led by demand for our expanded collection of casual shoes and boots. As we move further into the back half of the year, sell-through of our core Classic and slipper collections is accelerating. We are pleased with our current business trends and believe the Company is well positioned for the upcoming holiday period. More importantly, we believe the investments we are making in our brands, distribution platforms and supply chain will strengthen our growth profile and enhance our profitability over the long-term.”
UGG brand net sales for the third quarter increased 1.3% to $337.0 million compared to $332.8 million for the same period last year. The increase in sales was primarily driven by higher global Direct to Consumer sales, resulting from new store openings and the launch of new eCommerce websites, partially offset by lower domestic wholesale sales.
Teva brand net sales for the third quarter increased 0.6% to $18.0 million compared to $17.9 million for the same period last year. The increase in sales was driven by higher worldwide wholesale and Direct to Consumer sales, partially offset by a decrease in international distributor sales.
Sanuk brand net sales for the third quarter increased 0.5% to $18.4 million compared to $18.3 million for the same period last year. The increase in sales was driven primarily by gains in worldwide wholesale sales, as well as an increase in domestic Direct to Consumer sales, offset by a decrease in distributor sales primarily in the Asia Pacific region, as well as in Canada.
Click here to view full result.
Deckers Outdoor Corporation
Apparel/Garments | On 25th May 2017
The American Apparel & Footwear Association (AAFA) has reinforced its ...
Textiles | On 25th May 2017
Schlafhorst, Germany’s leading textile machinery firm, has announced...
Textiles | On 25th May 2017
Tizayuca Textil Vuva SA de CV, a vertically integrated producer of...
Navigating through catalogues is a bit hasslesome
'Natural fibres are appreciated for traditional authenticity'
Moving towards sustainability is also a social change
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
"We should not compare India and the West. There are things we do that...
Apparel/Garments | On 24th May 2017