Uggs, the comfy shoe brand that we were all sporting a few years ago, isn’t selling like it used to.
According to The Huffington Post, Deckers Outdoor Corp (the company behind Uggs) said shares dropped dramatically because shoppers aren’t buying the sheepskin boots (have you noticed how they are more expensive now? That might not be helping!)
“In an effort to lure back shoppers, Deckers said it’s going to roll back prices on some Uggs styles in the U.S.,” HuffPo reports.
Still, Sam Poser, an analyst at Sterne Agee, told the site that “the worst is yet to come,” for the brand.
Do you still wear your Uggs? Were you planning to buy a new pair this year or have you moved on?