Crocs news and archive

Crocs teaming up with Ablo to offer Jibbitz customisation

Casual footwear brand Crocs is teaming up with Ablo, the AI-powered fashion design platform, to allow consumers to design one-of-a-kind Jibbitz charms. Utilising Ablo’s platform, Crocs fans will be able to create fully custom Jibbitz charms by simply uploading a photo or by inputting a text prompt to choose from a variety of unique art styles to...

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Fashion brands see renewed growth in China amid global recovery

Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...

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Crocs Q4 earnings surpass expectations, shares surge

Shares of casual footwear company Crocs surged over 16 percent in premarket US trading after the company beat analysts' fourth-quarter net income expectations. While adjusted net income for the quarter decreased 7 percent to 146.2 million dollars, it surpassed the 133.7 million dollars forecast, according to Bloomberg consensus estimates....

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Crocs reports positive Q3 but adjusts full year outlook

Consolidated third quarter revenues at Crocs were 1,062 million dollars, an increase of 1.6 percent or 2 percent on a constant currency basis. Crocs forecasts full year revenues for the Crocs brand to grow approximately 8 percent versus growth of 7 percent to 9 percent prior. Revenues for the Heydude brand are expected to be down approximately...

Fashion

Crocs to launch Pet Crocs for furry friends

Footwear brand Crocs is set to expand its product range by offering Crocs for pets. Part of the global brand’s annual Croctober celebrations, the new Pet Crocs are made from EVA foam and made for dogs of all sizes. Pet Crocs Credits: Crocs Designed in partnership with Bark, the Pet Crocs will be available next to the matching classic lined clogs...

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Crocs faces legal dispute regarding 'false advertising' claims

A Canadian footwear brand has successfully secured a federal circuit “win” against Crocs regarding allegations that the foam shoe giant “violated federal false advertising laws with false promotional claims”. Dawgs has said that Crocs “must return to court” to answer to the aforementioned claims associated with its Croslite material, which it...

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Crocs Q2 revenues up, raises earnings outlook

Crocs, Inc. second quarter revenues were 1,112 million dollars, an increase of 3.6 percent or 4.8 percent on a constant currency basis. The company’s direct-to-consumer revenues grew 8.9 percent or 10 percent on a constant currency basis, while wholesale contracted 1.3 percent or remained flat on a constant currency basis. "We reported record...

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Crocs settles legal dispute with Australia’s Mosaic

Footwear brand Crocs has settled its lawsuit against Mosaic Brand Limited, an Australian fashion retail group that it accused of intellectual property infringement. Crocs had first filed the case with the Federal Court of Australia in 2021, alleging that Mosaic's moulded foam shoes had infringed on its trademark-protected Classic Clog shoe. The...

Fashion

Crocs releases sustainability efforts report, but lags on net zero ambition

Crocs Inc., the polarising footwear company known for its distinctive clogs, has released its 2023 Comfort Report, highlighting significant progress in its corporate responsibility, yet lagging in other sustainability initiatives. The report, now in its third year, underscores the company's commitment to "Creating a More Comfortable World for...

Retail

Crocs expands Takeback Shoe Program across the United States

Footwear brand Crocs has expanded its 'Old Crocs. New Life' shoe takeback program across the nation. Now all Crocs retail and outlet locations in the United States, minus Hawaii and Puerto Rico, feature designated collection boxes where customers can return Crocs footwear in any condition to be upcycled or recycled. Customers can also send back...

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Crocs tops the charts as the world's most popular fashion brand

The primary objective of any fashion or beauty brand is to make an emotional connection to motivate consumers to make a purchase - whether they are selling the latest anti-aging serum or a simple pair of socks. Brands who have successfully developed a solid branding strategy are more likely to establish a solid foundation for growth, and have a...

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Crocs posts Q1 growth, names Susan Healy as CFO

Crocs, Inc. first quarter revenues were 939 million dollars, an increase of 6.2 percent or 6.9 percent on a constant currency basis with direct-to-consumer (DTC) revenue growth of 11.8 percent or 12.3 percent on a constant currency basis and wholesale revenue increase of 3.2 percent or 4.1 percent on a constant currency basis. The company also...