Crocs news and archive

Marks & Spencer expands third-party footwear offer with Skechers, Crocs and Toms

Marks & Spencer has announced an expansion to its third-party footwear offer as part of its ‘Brands at M&S’ retail concept, with the introduction of Skechers, Crocs and Toms. It comes as the department store retailer continues to see an opportunity for growth in market share for the footwear category, while it prepares to utilise its already...

Business

Crocs pushes back net-zero target by 10 years

Footwear specialist Crocs is taking a step back on its previously outlined net-zero target, now striving to become net-zero by 2040 instead of 2030, as initially planned. The move came as part of the company’s latest environmental, social and governance (ESG) report, where it provided further progress and evolution updates on its milestones in...

Report

Crocs shares plunge as Q2 outlook comes below street estimates

Shares of Crocs, Inc. fell more than 18 percent Thursday morning after the company's second-quarter outlook came in below analysts' view. For the second quarter, Crocs expects adjusted EPS to be in the range of 2.83 - 2.98 dollars. Analysts on average polled by Thomson-Reuters expect earnings of 3.23 dollars per share. Revenue in the second...

People |Fashion Featured

Crocs names Salehe Bembury creative director of Crocs x Pollex Pod

Casual footwear Crocs has extended its partnership with Salehe Bembury and named the American designer as creative director of its Crocs x Pollex Pod collection. Crocs first collaborated with Bembury in 2021, when the designer unveiled a “new direction” for the brand’s ‘Classic Clog’ with the new Pollex Clog silhouette, which resulted in one of...

ManagementFeatured

Crocs posts strong revenue growth, forecasts upbeat 2023

Fourth quarter revenue at Crocs, Inc. was 945.2 million dollars, an increase of 61.1 percent from the same period last year or 64.8 percent on a constant currency basis. Direct-to-consumer (DTC), which includes retail and e-commerce, revenues grew 61.2 percent and wholesale revenues grew 61.1 percent. The company’s revenues of 3.6 billion...

Report

Crocs forecasts 2022 revenue growth ahead of expectations

Crocs, Inc. announced it expects 2022 revenues of approximately 3.55 billion dollars, which would represent approximately 53 percent growth compared to 2021. "2022 was an exceptional year for Crocs, Inc., with strong consumer demand for both the Crocs and Heydude brands driving expected 53 percent revenue growth," said Andrew Rees, the company’s...

Fashion Featured

Crocs are the second fastest growing brand of 2022. Why?

Footwear brand Crocs have nearly topped the list of fastest growing brands in 2022, coming in second place after Meta. Data from Morning Consult’s Fastest Growing Brands, which measures growth in purchasing consideration over 2022, has led to a list like no other year, with low price point brands appearing in several sectors. The list also rates...

Report

Crocs Inc. Q3 profit increases, beats estimates

Crocs Inc. released earnings for its third quarter that increased from last year and beat the Street estimates. The company's bottom line totaled 169.35 million dollars, or 2.72 dollars per share. This compares with 153.49 million dollars, or 2.42 per share dollars, in last year's third quarter. Excluding items, Crocs Inc. reported adjusted...

Fashion

Crocs marks 20 years with month-long ‘Croctober’

This October, Crocs is marking 20 years with a month-long ‘Croctober’ celebration filled with the brand’s “biggest and boldest fan-fuelled experiences,” including a global shoe giveaway and a metaverse event. For the first week in October, Crocs is giving away tens of thousands of pairs of Crocs shoes every day to kick start the celebration....

Fashion |In Pictures Featured

Crocs unveil collaboration with Christian Cowan

British fashion designer Christian Cowan, who has dressed some of the world’s biggest stars including Beyonce and Lady Gaga, unveiled a collaboration with global footwear brand Crocs during his spring/summer 2023 catwalk show during NYFW. The limited-edition collection features three styles, where Cowan has applied his signature bold aesthetic...

ManagementFeatured

Crocs presents strong Q2 results, revenues jump 51 percent

For its second quarter, Crocs, Inc. reported consolidated revenues of 964.6 million dollars increased 50.5 percent or 55.6 percent on a constant currency basis, as compared to 2021. Crocs brand quarterly revenues of 732.2 million dollars, increased 14.3 percent or 19.4 percent on a constant currency basis, as compared to 2021. Heydude brand...

Business

Crocs wins infringement case against two companies

Footwear manufacturer Crocs has announced it has secured judgement of infringement against USA Dawgs and Double Diamond Distribution which it accused of selling imitation Crocs shoes. Crocs obtained six million dollars and 55,000 dollars in damages against both the companies. The two parties began selling the shoe styles back in 2006, with both...