Crocs news and archive

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...

Business

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...

BusinessFeatured

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...