Crocs news and archive

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...

Business

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...

BusinessFeatured

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...

BusinessFeatured

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...

People

Crocs appoints Terence Reilly as EVP and president of Heydude brand

Crocs, Inc. has announced the appointment of Terence Reilly as incoming executive vice president and president for the Heydude brand. Reilly will join the executive leadership team on April 29 and will report directly to Andrew Rees, the company’s chief executive officer. The company said in a statement that Reilly, 56, most recently served as...

Business

Crocs brand Heydude expands in Germany

The shoe brand Heydude is now taking off in Germany. After announcing its expansion into the UK in March, the brand, which belongs to US shoe retailer Crocs Inc., is now also launching its own online shop for the German market, Heydude announced on Thursday. The brand, which was founded in Italy, is also available in more than 1,450 shops in...

BusinessFeatured

Crocs delivers strong revenue and earnings growth in 2023

Crocs 2023 revenues of nearly 4 billion dollars increased 11.5 percent or 12 percent on a constant currency basis, over 2022. Diluted earnings per share increased 46.8 percent to 12.79 dollars per share and adjusted diluted earnings per share increased 10.2 percent to 12.03 dollars. The company's fourth quarter revenues of 960 million dollars,...

People

Anne Mehlman to replace Michelle Poole as Crocs brand president

Crocs has announced the retirement of Michelle Poole, EVP & president of the Crocs brand. The company’s current EVP & chief financial officer Anne Mehlman will be promoted to EVP & president of the Crocs brand and until her replacement is named, Mehlman will continue to serve as CFO of the company. "Over the last decade at Crocs, Michelle's...

RetailFeatured

Brand leaders from Saks, Glossier, Crocs describe how to be cool

What is cool? Can a brand cultivate an aura of cool through strategy? These are questions that C-Suites everywhere must grapple with as the gap between heritage brands and digitally native consumers only widens. At the National Retail Federation expo this month, leaders from companies as diverse as Glossier, Crocs, Claire's, and Saks all...

BusinessPress Release

Crocs exceeds in understanding employees’ needs

Global leader in innovative footwear Crocs continues to succeed in creating an outstanding work culture, emphasizing employee satisfaction and diversity. In 2021, Crocs has moved up to be one of the top workplaces, with Forbes acclaiming Crocs as one of 'America's Best Employers for Diversity' and 'America’s Best Mid-Size Employers,' reflecting...

Business

Crocs expects 2023 revenues to reach 3.95 billion dollars

Crocs, Inc. expects 2023 revenues of approximately 3.95 billion dollars, representing over 11 percent growth compared to 2023. "2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share gains for both brands. Fourth-quarter revenue is now expected to exceed our former guidance and we are raising our...