Deckers (DECK): While winter finally arrived, we believe it was too little too late for DECK. Checks at both department stores and independents suggest demand for classic UGGs was underwhelming despite good demand for two key styles (Bailey Button and Classic Tall).
We took a look as soon as the doors opened in NYC (the display runs through today at the Penn Plaza Pavilion and other locations in Chicago and Los Angeles, check the schedule for 12 more cities on deck) and got an eye full of the same 50-inch plasma 3DTVs on sale at Best Buy stores around the country.