Deckers shareholders voted to keep the company's Board intact, defeating activist investor Marcato whose Board nominees wanted to make changes to the company that included selling off its Hoka, Teva and Sanuk brands.
Deckers Brands filed a letter to stockholders on Friday touting the company’s turnaround strategy, a move against activist shareholder Marcato Capital Management, which is seeking drastic changes to the company.
Nike is one of six major brands to see a decline in teen spending, and the age group has an increased preference for streetwear labels like Vans and Supreme. In addition, teens spend more on food than clothing.
Hot on the heels of the announcement of their collaboration for this fall, the brand UGG and designer Jeremy Scott have unveiled the campaign for this capsule collection for men, women, kids and babies.