Deckers Corporation co-founder dies

United States
Published:  31 August, 2018

Karl Lopker, the co-founder of Deckers Outdoor Corporation, passed away on August 25 at the age of 66.

Lopker started making leather purses and sandals to support himself through college. At the age of 22, he hired staff to make and sell leather goods under the name of Styled Steer. As the brand grew, it was incorporated as Deckers Corporation in 1975; now known as Deckers Outdoor Corporation, or Deckers Brands, owner of Ugg boots. Lopker stayed with Deckers until 1982, when he left to become CEO of a planning software specialist for manufacturing.  Lopker fought 13-year battle with stage 4 prostate cancer.

In the first fiscal quarter of 2019, ended June 30, 2018, net sales of Deckers Brands increased +19.5% to US$250.6 million (Q1 2018: US$209.7 million). On a constant currency basis, net sales increased +17.6%. Net sales for the Ugg brand increased +18.9% to US$136.5 million compared with US$114.7 million for the same period last year, while net sales for the Teva brand net increased +6.2% to US$40 million (Q1 2018: US$37.7 million).

Sources: Independent/Edhat