Ugg boot owner backs away from sheepskin
28/10/2013
Deckers Outdoor Corp has reported third-quarter profit well ahead of analysts' estimates as the use of a lower cost sheepskin substitute in its popular Ugg boots gross margins. "Ugg Pure has had an immediate impact on enhancing our product line and will result in reduced costs," said Deckers CEO Angel Martinez. Ugg Pure is wool woven into a...