NEW YORK (AP) - No love for Uggs: Shares of the sheepskin boots maker, Deckers Outdoor Corp., are tumbling Friday because consumers have turned away just before the start of the holiday shopping season.
The company on Thursday slashed its outlook for the rest of the year after its third-quarter profit dropped 31 percent. It's blaming two years of price increases for turning shoppers off Uggs, which have been perennial holiday best-sellers, and mild weather this year.
In an effort to lure back shoppers, Deckers says it's going to roll back prices on some Uggs styles in the U.S.
But some analysts are even more pessimistic than the company, and don't think colder weather this winter will drive up sales.
Shares of Deckers, based in Goleta, Calif., are down 16 percent this morning.
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Sunday, May 19 2013 11:21 AM EDT2013-05-19 15:21:41 GMT
A very lucky lottery player in the Sunshine State is a multi-millionaire this morning! Powerball lottery officials say someone in Florida bought a winning ticket for Saturday night's record $590 million
A very lucky lottery player in the Sunshine State is a multi-millionaire this morning! Powerball lottery officials say someone in Florida bought a winning ticket for Saturday night's record $590 million drawing. Right now, the winner hasn't been identified.
Saturday, May 18 2013 10:50 PM EDT2013-05-19 02:50:34 GMT
Three suspects are still on the loose after an-early morning home invasion and murder in Waterville Township and investigators say the death of 34-year-old James Safadi was not a random act of violence.
Investigators say the home invasion death of 34-year-old James Safadi in Waterville was not a random act of violence. They believe the local business owner was targeted.
Sunday, May 19 2013 11:27 AM EDT2013-05-19 15:27:36 GMT
We have an update to a car accident we reported on Thursday. It happened on State Route 199 at Eagleville Road. According to the Review-Times, a Fostoria woman remains in the hospital this morning with
We have an update to a car accident we reported on Thursday.It happened on State Route 199 at Eagleville Road. According to the Review-Times, a Fostoria woman remains in the hospital this morning with life-threatening injuries.Investigators say Sandra Kroetz, 68 failed to yield at the intersection and she hit an oncoming SUV.
Sunday, May 19 2013 8:55 AM EDT2013-05-19 12:55:26 GMT
It has been a slow severe weather season up to this point, but this weekend will be the busiest of the season so far. There were more than 20 tornado reports on Saturday and over 200 severe reports totals.
More than 200 severe weather reports and 20 tornadoes were observed in the plains on Saturday.
Saturday, May 18 2013 9:11 PM EDT2013-05-19 01:11:00 GMT
DAMASCUS, Va. (AP) - Witnesses in southwestern Virginia say a car has driven into a crowd at a festival parade. Several people appeared to be hurt, but the nature of their injuries wasn't immediately
An elderly driver plowed into dozens of hikers marching in a Saturday parade in a small Virginia mountain town.
Saturday, May 18 2013 9:52 PM EDT2013-05-19 01:52:31 GMT
LEXINGTON, Mich. (AP) - Carol Connell remembers well the gift she gave Sara Ylen, a friend seemingly forced to bear too much misery. Ylen, a Michigan mother of two young boys, said she was battling cancer
A Michigan mom who claimed to be battling cancer and a rape survior is being accused of fraud and her community is reeling.
Saturday, May 18 2013 9:01 PM EDT2013-05-19 01:01:59 GMT
A team that played football for years has reunited to pay tribute to their coach who died from ALS, also known as Lou Gehrig's Disease.It was the fifth year for the Dave Calabrese Football Blitz, but
It was the fifth year for the Dave Calabrese Football Blitz, but the first without Calabrese, who died just days ago after a battle with ALS.
Saturday, May 18 2013 7:57 PM EDT2013-05-18 23:57:12 GMT
While the most intense of the severe weather will be in the Great Plains and Mississippi Valley, it is possible that we could see some severe thunderstorms, as early as Monday night, especially west of the Toledo metro area.
While the most intense of the severe weather will be in the Great Plains and Mississippi Valley, it is possible that we could see some severe thunderstorms, as early as Monday night, especially west of the Toledo metro area.
Saturday, May 18 2013 6:24 PM EDT2013-05-18 22:24:10 GMT
A Toledo man is accused of animal cruelty after he hit his pit bull with 2 by 4.Police say Donnie Britton was trying to break up a fight between two dogs by hitting them with a board. Both dogs were injured
A Toledo man is accused of animal cruelty after he hit his pit bull with 2 by 4.
Saturday, May 18 2013 5:54 PM EDT2013-05-18 21:54:20 GMT
Verizon Wireless customers have been experiencing voice and data issues throughout the day on Saturday in Ohio.Customers in the Sandusky, Akron and Canton areas have seen an increased in dropped calls
Verizon Wireless customers have been experiencing voice and data issues throughout the day on Saturday in Ohio.
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