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Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear

UPDATE 1-Deckers' shares surge over company's bet on full-price sales of Hoka, UGG footwear Updates shares and adds analyst comment in paragraph 5 By Ananya Mariam Rajesh July 26 (Reuters) - Deckers Outdoor DECK.N shares jumped as much as 17% on Friday, after multiple brokerages raised their price targets following the company's bet on full-price sales of its hot-selling Hoka running shoes and UGG boots to raise its annual profit forecast.
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Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast

Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast July 26 (Reuters) - Deckers Outdoor DECK.N shares jumped 11% to $932 before the bell on Friday after the sportswear company raised its annual profit forecast, betting on full-price sales of its hot-selling Hoka running shoes and UGG boots. Products from brands such as Hoka and Tennis star Roger Federer-backed On Holding ONON.N , like the Clifton 9 and Cloudmonster 2 that are known for their extra
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Deckers Outdoor raises FY profit target on strong Hoka, UGG demand

Deckers Outdoor raises FY profit target on strong Hoka, UGG demand By Granth Vanaik July 25 (Reuters) - Deckers Outdoor DECK.N raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm's Hoka sneakers and UGG boots. WHY IS IT IMPORTANT? Brands such as On Holding ONON.N and Deckers are gaining popularity as their new and innovative products are attracting more younger customers at a time when sportswear giants s
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Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight

Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight By Helen Reid PARIS, July 25 (Reuters) - Running brand On made its latest move in the supershoe race on the eve of the Paris Olympics, unveiling a marathon shoe produced by a robotic arm spraying material onto a mold to create a sock-like upper, with no laces.
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Sotheby's bets on Chinese spending with Hong Kong retail outlet

Sotheby's bets on Chinese spending with Hong Kong retail outlet By Clare Jim HONG KONG, July 25 (Reuters) - Sotheby's embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet, stocking anything from collectable trainers to dinosaur fossils, with prices starting at several hundred dollars. Luxury spending has fallen in China, as the country's economy struggles with a downturn in property and capital markets , eating into the sales of companies such as LVMH LVMH.PA.
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