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Thursday 16 April 2015
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Laggard Stocks: Deckers Outdoor (NYSE:DECK), J C Penney Company (NYSE:JCP), Seattle Genetics, (NASDAQ:SGEN), Avon Products, (NYSE:AVP)

On Wednesday, Deckers Outdoor Corp (NYSE:DECK)’s shares declined -2.45% to $72.18.

Deckers Outdoor Corp (DECK) declared that Connie Rishwain, President of UGG and Fashion and Lifestyle Brands has notified the company of her plans to step down in order to spend more time with her family and pursue other interests.

It has been an amazing 20 years at Deckers and I’m so appreciative of having had the chance to work with many of the brightest people in the footwear industry,” said Rishwain. “I am incredibly proud of everything we’ve achieved during my long tenure with the company, none more so than evolving the UGG brand into a $1.5 billion global, premium lifestyle brand. After much consideration, I’ve decided now is the right time to start the next chapter in my life and allow new leadership to further build on the strong foundation we’ve created.

Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories for outdoor activities and casual lifestyle use for men, women, and children.

J C Penney Company Inc (NYSE:JCP)’s shares dropped -2.40% to $8.93.

J C Penney Company Inc (JCP) more than 75 JCPenney home products have earned the prestigious Good Housekeeping Seal, the most of any other retailer. From curtains to bedding to cookware and small electrics, the Seal can be found in over a dozen home categories on private brand products counting Royal Velvet®, Cooks(TM), JCPenney Home(TM) and Liz Claiborne® Home.

JCPenney has a rich history of product development and design dating back to 1914. Combined with our global sourcing and quality assurance expertise, we are able to create lasting products, which is why many have earned the Good Housekeeping Seal,” said Ken Mangone, executive vice president for product development, design and sourcing at JCPenney.

J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.

At the end of Wednesday’s trade, Seattle Genetics, Inc. (NASDAQ:SGEN)‘s shares dipped -2.33% to $36.61.

Seattle Genetics, Inc. (SGEN) declared that it will report its first quarter 2015 financial results on Thursday, April 30 after the close of financial markets. Following the declarement, company administration will host a conference call and webcast talk about of the results and provide a general corporate update. Access to the event can be obtained as follows:

LIVE access on Thursday, April 30, 2015

1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time

Seattle Genetics, Inc., a biotechnology company, develops and commercializes antibody-based therapies for the treatment of cancer. The company is developing antibody-drug conjugates (ADCs), a technology designed to harness the targeting ability of antibodies to deliver cell-killing agents directly to cancer cells.

Avon Products, Inc. (NYSE:AVP), ended its Wednesday’s trading session with -2.30% loss, and closed at $8.94.

Avon Products, Inc. (AVP) declared that it has decided to postpone to Fall 2015 its Investor Day that the Company was originally planned to host on May 13, 2015. The decision to postpone the meeting follows the recent appointment of James S. Scully as the Company’s Chief Financial Officer, to allow the Company adequate time to prepare for a more robust talk about at the meeting. Further details, counting webcast information, will be declared closer to the event.

Avon Products, Inc. manufactures and markets beauty and related products worldwide. It offers beauty products, such as skincare, and personal care products, in addition to fragrances and color cosmetics; and fashion and home products comprising of jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products.

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