PARIS —Deckers Outdoor Corp., the maker of Ugg boots, said it is reviewing a broad range of strategic options, including a possible sale of the company.The ailing California-based firm, which also counts Teva, Ahnu, Sanuk and Hoka One One its portfolio, said in a statement it was exploring ways of enhancing stockholder value which “may include a sale or other transaction,” but cautioned that there “can be no assurance that the strategic review process will result in a transaction.”The Ugg brand represents 83 percent of Deckers’ revenues.Among companies circling Deckers, activist hedge fund Marcato Capital Management LP in February purchased a 6 percent stake in the firm, and disclosed in a filing with the U.S. Securities and Exchange Commission that it intends to engage with the firm’s leadership on “various operational initiatives or broader strategic initiatives including, but not limited to, potential acquisitions or sales of/or involving [Deckers] or certain of [its] businesses or assets.”As reported in Footwear News, analysts in recent months have been down on the underperforming company, which delivered a third-quarter sales and earnings miss. Revenues declined 4.5 percent year-on-year to $760 million, below analyst expectations for revenues of $789 million.The company is due to release its fourth-quarter earnings on May 25.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)