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Latest revision as of 19:27, 12 February 2014
UGGUgg boots, owned by Decker Outdoor Corp., reported earnings last week, and the results were bad.
Profits were down 31 percent, mostly because women aren't buying ugg boots sale boots. The company said it was going to slash prices to draw more interest to the boots, but even that isn't guaranteed to help.
Until now, ugg boots sale's biggest obstacle was image. The boots were seen as sloppy and something women wore with sweatpants.
So Ugg started advertising in fashion magazines to seem more chic. Famous Vogue creative director Andre Leon Talley even came out to endorse the boots, wearing them at New York Fashion Week.
ugg boots sale also hired Tom Brady as a spokesmodel to try and draw men into its stores. So far that move has been successful, and sales are up with the male contingent.
But ugg boots sale faces a terrifying reality: women's boots might be going out of style.
"The worst is yet to come," Sam Poser, an analyst at Sterne Agee, told the Huffington Post, adding that "weaker Uggs sales might not just be due to weather, but may indicate that the boots have fallen out of fashion."
If that's true, ugg boots sale's problems become a lot more daunting. While the company is making strides with men, women's boots make up the vast majority of its business.
Women are unlikely to shell ugg boots sale out for Ugg flats or loafers because they are already loyal to other brands. Boots are the core product.
If boots are actually out of style, Ugg will have just have to wait for the fashion cycle to turn around.
DON'T MISS: It Was Pretty Clear During The Hurricane That Best Buy's Training Initiative Isn't Working >