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crocs news and archive

Business

Crocs Q3 revenues increase 15.7 percent, earnings jump

Crocs, Inc. reported third quarter revenues at 361.7 million dollars, an increase of 15.7 percent or 15.9 percent on a constant currency basis, with growth in all three channels. The company said in a statement that operating income increased 80.7 percent to 72.1 million dollars and operating margins expanded 710 basis points to 19.9 percent,...

11 hours ago

Business

Crocs share price jumps on speculation of Justin Bieber collab

All it took was a photo on Justin Bieber's Instagram of Crocs shoes and the caption "Soon", to send the company's stock jumping Thursday on speculation of a future collaboration with the Canadian pop star. Bieber is regularly seen wearing the plastic clogs in public. But after a post showing a pair afloat in a pool to his 148 million followers,...

2 Oct 2020

Business

Charisse Ford Hughes to join Crocs board of directors

Crocs, Inc. has announced that Charisse Ford Hughes has been appointed to its board of directors effective October 1, 2020. The company said in a statement that a seasoned marketing executive, Ford Hughes brings decades of global consumer marketing, e-commerce, and product development experience to the Crocs board. She currently serves as Senior...

24 Sep 2020

Business

Crocs names Michelle Poole as President

Crocs, Inc. has appointed Michelle Poole as President of the company effective September 10, 2020. She will continue to report to Andrew Rees, Chief Executive Officer. The company said in a statement that as President, Poole will assume responsibility for Americas, Asia and EMEA regional commercial teams as well as continue to lead product...

14 Sep 2020

Business

Crocs expects 10 percent revenue growth for Q3

Ahead of its presentation at CL King & Associates’ 18th Annual Best Ideas Conference, Crocs said, for the third quarter of 2020, the company now expects revenue to grow approximately 10 percent compared to 312.8 million dollar reported in the third quarter of 2019. “As a brand, we have proven resilient in the face of adversity and are emerging...

11 Sep 2020

Fashion

Crocs posts rise in Q2 earnings

Crocs, Inc. global revenues were 331.5 million dollars, declining 7.6 percent from the second quarter of 2019, or 6 percent on a constant currency basis. The company said, four out of five of its key geographies delivered revenue growth - United States, Korea, China, and Germany. Global e-commerce revenue increased by 67.7 percent with strong...

30 Jul 2020

Business

Crocs opens new global headquarters

Casual footwear brand Crocs, Inc. announced the opening of its new corporate headquarters in Broomfield, Colorado on Wednesday. The 90,000 square foot facility, located 20 miles outside of Denver, is intended to “put employees’ needs front and center”, as well as allow Crocs to expand its hiring possibilities, the company said. “Niwot was our...

25 Jun 2020

Business

Crocs announces new European distribution centre

Footwear brand Crocs has purchased a new 376,736 square foot European distribution centre at the DistriPark logistics business park in Dordrecht, the Netherlands. The new facility will become the largest Crocs distribution centre in Europe and will be partly used for storage for the web store, as well as supplying store branches and handling...

8 Jun 2020

Business

Crocs Q1 sales drop, expects larger decline in Q2

Crocs, Inc. reported revenues of 281.2 million dollars, declining 5 percent from the first quarter of 2019, or 3.3 percent on a constant currency basis. The company said in a statement that currency negatively impacted first quarter revenues by approximately 5.2 million dollars, while wholesale revenues declined 5.6 percent and retail comparable...

23 Apr 2020

Fashion

Crocs to give free shoes to US healthcare workers

Crocs, Inc. has launched a new program that offers free shoes to healthcare workers fighting the coronavirus pandemic. The company will give up to 10,000 pairs of shoes a day under 'a Free Pair for Healthcare' program. The casual footwear maker said that healthcare workers across the US will have the opportunity to get a free pair of shoes while...

27 Mar 2020

Business

Crocs raises Q4 forecast, expects 13 percent rise in full year revenues

Crocs, Inc. raising its revenue guidance for the fourth quarter ended December 31, 2019 said, it now expects revenue to be between 260 and 262 million dollars, up from its previous guidance range of 245 to 255 million dollars and compared to 216 million dollars in the fourth quarter of 2018. With respect to 2019, the company expects revenues to...

13 Jan 2020

People

Former Rent The Runway COO joins Crocs Inc. board of directors

Crocs is growing its board of directors. The popular comfort footwear brand today announced the addition of Beth J. Kaplan to its board, effective January 1, 2020. “Crocs is an iconic brand and its recent resurgence is nothing short of historic,” Kaplan said in a statement. “I look forward to helping the brand continue its incredible journey and...

16 Dec 2019