Why Deckers Outdoor Shares Dropped 9.3% Today

The jury is still out A research note predicts a drop in sales during June. Data research firm M Science noted that its data showed a deceleration in sales for Hoka and Ugg brands during June. This wouldn't be particularly surprising given the slowdown reported by Nike last quarter and week guidance Nike for its fiscal first quarter. Consumers have been pinched by higher inflation and slow wage growth, which ultimately will lead to less discretionary spending on items like high-end shoes from Hoka. Shares a ...