Deckers Says Rival Discounts Hurt Second-Quarter Sales
Deckers said aggressive discounting by rivals hurt its sales in the second quarter. Its shares fell 8% in extended trading.
By Sanskriti ShekharDeckers Outdoor NYSE:DECK, the maker of UGG boots and Hoka sneakers, said aggressive discounting by rivals hurt its sales in the second quarter, highlighting challenges facing premium footwear brands as shoppers grow more selective.Shares of the company fell 8% in extended trad…