Powers: Deckers can organically add billions in revenue over five years
Dave Powers · Dave Powers: The Meteoric Rise of Hoka Running | E1098 · 20VC with Harry Stebbings · Dec 22, 2023 · at 45:48
Dave Powers is President and CEO of Deckers Brands. He explains why Deckers prioritizes organic growth across its existing brands over external M&A.
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“We feel we have a path where we could, you know, Add billions onto our revenue today over the next five years organically, which is the best way to grow a business because it's built in.”
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Powers: Nike is Hoka's primary internal target for market share capture
“Well, for Hoka, it's, you know, it's Nike. That's the one that really drives us internally, is, hey, you know, we think that we could take a chunk of their business.”
Powers: High employee turnover was necessary for UGG's 2016 turnaround
“We had a lot of turnover at that time, which I think, you know, was probably the right thing to do. Definitely the right thing to do.”
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