All Crocs articles
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News briefs
Updated: Rating agencies back Crocs’ new debt offering
Crocs has increased the size of a planned private placement from $300 million to $350 million, giving an indicative March 12 date for its closing. The placement consists of senior notes with a coupon rate of 4.250 percent due in 2029. Crocs said that it would set aside $180 ...
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ArticleCrocs’ 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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News briefs
Crocs may have won the battle for its clog’s patent
A panel of three judges in a U.S. Federal Circuit court confirmed a previous verdict by the Trademark and Appeal Board of the U.S. Patent Trademark Office ( USPTO ) that validated Crocs ’ core patent (N° D517,789) on its clogs. The board had responded to an appeal ...
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Nike executive moves to Crocs
Yet another Nike executive has jumped ship, perhaps due to its recent reorganization. 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 ...
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Crocs guides for 20-25% growth
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 ...
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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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Article
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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News briefs
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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News briefs
Crocs sees Q3 sales up by 10%
Crocs expects its third-quarter revenues to rise by about 10 percent as 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. The U.S. government’s stimulus package fueled demand for its products ...
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Infographics & Data
Ranking - The top 10 athletic footwear brands
This exclusive chart shows the leading international footwear brands, including Nike, Adidas, Skechers, VF Corp., New Balance, Puma, Asics. Ranking by Revenue and by %-growth vs last year. This is exclusive data and analysis for Premium Members.
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Article
Crocs results fueled by e-commerce
While many brick-and-mortar stores were closed during the second quarter, Crocs saw record sales in e-commerce, as consumers migrated to online shopping during the pandemic. Revenues for the three months ended on June 30 declined by 7.6 percent from the year-ago quarter to $331.5 million, or by 6.0 ...
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News briefs
Crocs builds new distribution center in the Netherlands
Crocs will be building a new distribution center in the Netherlands. located in the Dutch city of Dordrecht. It will be the company’s largest European distribution center, covering 35,000 square meters. The project will create 200 to 350 jobs. The distribution center will serve as storage for Crocs’ online ...
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Article
UYN and others make masks and do more for Covid-19
Trerè Innovation , the Italian knitter of functional garments sold under the new UYN brand name – which stands for “Unleash Your Nature” – has converted its factory in northern Italy to make 10,000 face masks per day, while gearing up gradually for a re-start of the full production ...
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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. According to Footwear News , 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, ...
