RTTNews | Sep 24, 2021 01:14PM EDT

13:13 Friday, September 24, 2021 (RTTNews.com) - California-based footwear company, Deckers Outdoor Corporation (DECK) is trading 9% lower in the market as all the shoemakers lose ground following Nike's guidance reduction.

Nike reduced its guidance for the next quarter following a supply chain disruption in Vietnam. Incidentally, most sportswear manufacturers get their products made in Vietnam and that has led to the present fall in the sportswear brands. This is the lowest Deckers have dropped in the last month.

The shares are trading at $391.56, down $35.44 or 8.30% since the last close at $427.00 on Thursday. The shares opened at $414.91 and in the 52-week period, the shares have ranged between $213.11 and $451.49 per share.

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