Their winter of discontent: Shares in Ugg manufacturers take sharp tumble after warm weather dents sales of iconic boot

The manufacturing corporation behind Uggs – the iconic furry boots seen on college students and celebrities alike – took a steep plunge earlier this week.

Deckers Outdoor Corp. reported earlier this week that the unusually warm winter weather hurt demand for its Ugg boots. 

Deckers shares plunged $17.57, or 25.3 per cent, to $51.88 in midday trading Friday. Its shares have fallen steadily since last fall when it was closed at its [...]