ICR XChange Coverage: Deckers
Ugg affordable luxury is 84% of sales with 10% in outdoor Teva, 5% in Sanuk action sports and 1% emerging brands.++++Raises targets for 2015 top line to $2.4 billion, up from $2.0 billion: Ugg will be $1.85 billion vs. $1.65 billion; Teva should be $250 million vs. $200 million; Sanuk expected to hit $200 million and emerging Brands to $100 million from $50 million.++++Plans to expand Ugg in cold weather with water proof and anti-slip technologies.++++As Ugg approaches 50 stores, can now meet minimums on handbags and outerwear.++++Shop in shop expands to 350 now vs. 258 last year. Average shop ... Log in to view full article.