Exhibit 99.1

Deckers Outdoor Corporation Prices Common Stock Offering

    GOLETA, Calif.--(BUSINESS WIRE)--May 13, 2004--Deckers Outdoor
Corporation (Nasdaq-NMS: DECK) today announced the pricing of its
public offering of 3,500,000 shares of common stock at a price of
$24.75 per share. The Company is selling 1,500,000 shares, and certain
stockholders, including Douglas B. Otto, Chief Executive Officer, and
other employees, members of management and members of the Board of
Directors of the Company, are selling an additional 2,000,000 shares.
In addition, the selling stockholders have granted the underwriters an
option to purchase an additional 525,000 shares of common stock to
cover over-allotments, if any. The offering is expected to close on
May 18, 2004, subject to customary conditions. The Company plans to
use the net offering proceeds to it to repay all of its outstanding
long-term debt and for working capital and other general corporate
purposes.
    The lead managing underwriter of the offering is RBC Capital
Markets Corporation. Piper Jaffray & Co. is co-lead manager, and SG
Cowen Securities Corporation, D.A. Davidson & Co., First Albany
Capital, Inc., and Wedbush Morgan Securities, Inc. are co-managers.
    The registration statement relating to the common stock has been
declared effective by the Securities and Exchange Commission. The
offering of the common stock will be made only by means of a
prospectus, copies of which may be obtained from RBC Capital Markets
Corporation, 60 South 6th Street, 17th Floor, Minneapolis, Minnesota,
55402, or from the SEC's website at www.sec.gov.
    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 forward-looking statements, such as
the Company's expectations regarding the closing of the public
offering and its expectations for the use of the net proceeds of the
offering. These forward-looking statements are based on the Company's
expectations as of today, May 13, 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 cause the Company's results to differ from the
expectations in its forward-looking statements include the difficulty
of predicting fashion trends, 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 described under the caption "Risk Factors" in
the prospectus. The Company undertakes no obligation to update it
forward-looking statements to reflect subsequent events or
circumstances or to reflect actual outcomes.

    CONTACT: Deckers Outdoor Corporation
             Scott Ash, 805-967-7611
               or
             Integrated Corporate Relations, Inc.
             Chad A. Jacobs/Brendon E. Frey, 203-222-9013