All Crocs articles

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    Crocs seeks to block import of counterfeits into the U.S.


    Crocs filed a complaint with the U.S. International Trade Commission (ITC) seeking an investigation of allegedly ”unlawfully imported shoes” into the U.S. in ”violation of its registered trademarks.” With the complaint, Crocs is seeking to block the importation and subsequent sale of products into the U.S. that infringe ...

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    Crocs ups guidance after rising by over 60% in Q1


    Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third ...

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    ​Designer Brands’ sales of athletic shoes rose sharply in Q4


    Designer Brands improved its fourth-quarter sales from the previous three months as it continues to increase its exposure to athleisure and children’s footwear and develop its digital capabilities. The company has streamlined its offer to focus on the top 50 brands in the U.S. and top 30 in Canada. ...

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    Rating agencies back Crocs’ new debt offering


    Crocs is planning to make a private placement for $300 million worth of senior notes due in 2029, with $180 million used to repay outstanding loans under a revolving credit line. The rest would be used for general corporate purposes. Moody’s gave a B1 rating to the notes. Standard ...

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    Crocs’ profits soar on record sales


    Crocs is still enjoying a strong momentum as its fourth-quarter revenues jumped by 56.5 percent from the year-ago quarter to a record level of $411.5 million. In constant currencies, they gained 56.1 percent.The number of pairs sold during the quarter grew by 38 percent to 18.9 million, and their average ...

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    Crocs hires a manager from Nike


    Emma Minto has joined Crocs as senior vice president and general manager in charge of all the operations of the fast-growing brand of comfort shoes in North America. She had spent 16 years with Nike in various roles, most recently as vice president and general manager for ...

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    Stocks of footwear companies fell by 16.3% in 2020


    Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.

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    Crocs guides for 20-25% growth in 2021


    Crocs ’ management told investment analysts at the ICR Conference that it is expecting to report a sales increase of more than 12 percent for the 2020 financial year, up from a previous guidance of 5 to 7 percent. In the fourth quarter alone, the growth rate reached a level ...

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    Crocs implements AI solution to block unauthorized web ads


    Crocs has partnered with Namogoo Technologies on the implementation of a solution that automatically prevents unauthorized and distracting ads from appearing on the Crocs e-commerce site. The Namogoo Customer Journey Hijacking Prevention solution uses artificial intelligence (AI) to identify and block these ads, which are designed to look ...

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    Record Q3 revenues for Crocs


    Thanks to ”exceptional consumer demand and strong sell throughs,” Crocs saw its third-quarter revenues jump by 15.7 percent from the year-ago quarter to a record $361.7 million. In constant currencies they gained 15.9 percent. The company recorded growth in all channels and geographies. It also saw record sales ...

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    Crocs enters collaboration with Justin Bieber


    On Oct. 13, Crocs released a limited edition of clogs deriving from a collaboration with the Canadian singer Justin Bieber, the Canadian singer, globally including China and South Korea. The Crocs X Justin Bieber with drew Classic Clog were sold at $59.99 across select Crocs and partner e-commerce ...

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    The casual shoe market grew by 6.0% in 2019


    According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence , the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in ...

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    Michelle Poole becomes president of Crocs


    Michelle Poole has been promoted to the position of president of Crocs , taking over one of the former functions of Andrew Rees , the company’s chief executive. After working for Kangol, Timberland, Converse and Sperry Top-Sider , Poole joined Crocs in 2014 as senior vice president of ...

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    Crocs sees Q3 sales up by 10%


    Crocs expects third-quarter revenues to rise by about 10 percent compared to $312.8 million in the third quarter of 2019 thanks to ”exceptional consumer demand and strong sell throughs,” said Andrew Rees , president and chief executive officer. “We expect revenue growth of approximately 10% in the third ...

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    Crocs opens new headquarters in Colorado


    On June 24, Crocs , opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time ...

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    Global children’s footwear market seen up annual 4% to 2024


    The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio . ...

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    Crocs offering free shoes to medical personnel


    Crocs is offering medical personnel in the U.S. battling the Covid-19 pandemic a free pair of Crocs , shipping included. The American company began gearing up in late March to dispatch up to 10,000 pairs a day in response to online requests. In addition, Crocs plans to donate up ...

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    Crocs’ Q1 sales decline, despite strong growth in America


    Coronavirus hampered Crocs’ results early in the first three months of the year, especially in Asia, but this was partly offset by high store comparable sales in America, where the virus disrupted retail late in the quarter. Revenues for the first quarter declined by 5.0 percent from the year-ago ...

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    Crocs returns to profits in Q4


    Crocs continued to reap the benefits of its efforts to restructure, ending the year with a profit against a loss for the same quarter a year ago. In the fourth quarter ended Dec. 31, it delivered strong direct-to-consumer (DTC) growth and sell-through at the wholesale level, leading revenues to reach ...