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The company on Thursday slashed its outlook for the rest of the year after its third quarter profit dropped 31 percent. It blamed two years of price increases for turning shoppers off Uggs, which have been perennial holiday best dillards womens uggs sale
sellers, bailey button grey uggs sale as well as the mild weather this year.
The company now expects profit to drop 14 percent in the October December quarter, when shoppers come out in droves to make holiday purchases. The Goleta, Calif., company had previously predicted that profit would jump 22 percent in those months.
Some cheap real uggs for sale uk analysts are even more pessimistic than the company, and don't think colder weather this winter will drive up sales.
Sam Poser, an analyst at Sterne Agee, said that "the worst is yet to come." Weaker Uggs sales might not just be due fake uggs for sale amazon
to weather, but may indicate uggs sequin boots sale that the boots have fallen out of fashion, he said. Poser expects Deckers to miss its already lowered guidance for the fourth quarter, and that order cancellations will put "severe pressure" on the company next year.
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