Exhibit 99.1


         Deckers Outdoor Corporation Announces Intention to File for an
                            Offering of Common Stock


    GOLETA, Calif.--(BUSINESS WIRE)--Feb. 26, 2004--Deckers Outdoor Corporation
(NASDAQ: DECK) today announced that it intends to file a registration statement
with the Securities and Exchange Commission for an underwritten offering of
approximately 3.5 million shares of its common stock. The shares of common stock
expected to be sold in the offering will include approximately 1.5 million
primary shares to be offered by the Company and approximately 2 million shares
to be sold by selling stockholders, including Douglas B. Otto, CEO, and other
employees, members of management and members of the Board of Directors. The
Company will not receive any portion of the proceeds from the sale of shares by
the selling stockholders. In addition, the selling stockholders intend to grant
the underwriters an option to purchase additional shares of common stock to
cover over-allotments, if any, of up to fifteen percent of the total amount of
shares offered. Any shares issued under the option are currently expected to be
sold by the selling stockholders, rather than the Company. The Company currently
expects to file the registration statement during the first quarter of 2004.
    The Company intends to use a portion of the net proceeds to the Company from
the offering of primary shares to repay outstanding debt, including up to $7
million of the 16.75% subordinated notes, $13 million of the 9% junior
subordinated notes and $7 million of senior term debt. Any remaining net
proceeds will be used for general corporate purposes.

    This news release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.

    Deckers Outdoor Corporation builds niche products into global lifestyle
brands by designing and marketing innovative, functional and fashion-oriented
footwear, developed for both high performance outdoor activities and everyday
casual lifestyle use. The Company's products are offered under the Teva, Simple
and Ugg brand names.

* This press release contains a number of forward looking statements, such as
the Company's expectations regarding the completion and timing of the filing of
the registration statement, the estimated number of shares to be sold by the
Company and by the selling shareholders, the expectations for the amount and
components of debt expected to be repaid with the net proceeds of the offering,
and other expectations. These forward-looking statements are based on the
Company's expectations as of today, February 26, 2004. No one should assume that
any forward-looking statement made by the Company will remain consistent with
the Company's expectations after the date the forward-looking statement is made.
In addition, such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from the expectations expressed or implied by such forward-looking
statements. Among the factors that could affect the timing, completion and
various other terms of the filing of the registration statement and the eventual
follow-on stock offering include the timing and completion of due diligence by
the underwriters, the ability of the Company and the underwriters to
successfully complete the various stages of the offering process, the potential
impact of general economic events and market conditions, the potential negative
impact of terrorism and other world events, and the risks and uncertainties
regarding the future sales, results of operations and financial condition of the
Company.
    Many of the risks, uncertainties and other factors affecting the Company are
discussed in detail in the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2002. Among the factors which could affect our financial
condition and results of operations are the following: our ability to anticipate
fashion trends; whether the UGG brand will continue to grow at the rate it has
experienced in the recent past; the sensitivity of the footwear industry to
changes in general economic conditions; whether we are successful in
implementing our growth strategy; our ability to protect our intellectual
property; our ability to develop and patent new technologies as our existing
patents expire; the difficulty of matching inventory to future customer demand;
the risk that counterfeiting can harm our sales or our brand image; our
dependence on independent manufacturers to supply our products; risks of
international commerce resulting from our reliance on manufacturers outside the
U.S.; the risk that our manufacturers, suppliers or licensees might fail to
conform to labor laws or to our ethical standards; the need to secure sufficient
and affordable sources of raw materials; our reliance on licensing partners to
expand our business; the challenge of managing our brands for growth; expected
fluctuations in quarterly results; dependence on key employees; currency risk;
delays and unexpected costs that can result from customs regulations; our
dependence on computer and communications systems; the sensitivity of our sales,
particularly of the Teva(R) and UGG(R) brands, to seasonal and weather factors;
our reliance on independent distributors in international markets; legal
compliance challenges and political and economic risk in our international
markets; the effect of consolidations and restructurings on our customers in the
footwear industry; intense competition within the footwear industry; and the
threat that terrorism could disrupt commerce in the U.S. and abroad. In
addition, our stock price may be affected by the degree of control of our
company exercised by management through its stock holdings; immediate dilution
of book value per share experienced by purchasers of the stock we issue in the
offering; management's discretion over the use of proceeds from the offering;
historical volatility in our stock price; the potential for future sales of
stock to adversely affect our stock price; and the tendency of anti-takeover
provisions of our charter documents, our stockholder rights plan and Delaware
law to dissuade potential purchasers of the Company. The Company disclaims any
obligation to update any such factors or to publicly announce the results of any
revisions to any of the forward-looking statements contained in the 2002 Annual
Report on Form 10-K, the Quarterly Reports on Form 10-Q or this news release.


    CONTACT: DECKERS OUTDOOR CORPORATION
             Scott Ash, 805-967-7611
             or
             Integrated Corporate Relations, Inc.
             Investor Relations:
             Chad A. Jacobs / Brendon E. Frey, 203-222-9013