Crocs news and archive

Crocs share price plummets 30 percent after reporting operating loss

Footwear group Crocs, Inc. has seen its share price fall significantly after publishing its second-quarter results. The group was forced to report a swing from profit to loss. Share price subsequently fell by 30 percent on the Nasdaq compared to the previous day. Crocs, Inc. reported an operating loss of 428 million dollars on Thursday. This...

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Business

Crocs reports operating loss of 428 million dollars

Crocs, Inc. reported a substantial decline in operating profit for the second quarter of its financial year. The company swung from a profit of 326 million dollars to a loss of 428 million dollars. This represents a decrease of 231.2 percent. In the quarterly report, Crocs, Inc. CEO, Andrew Rees, explained the figures. Due to uncertain and...

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Retail

Hibbett Sports opens new store in California

US-based sports apparel retailer, Hibbett Sports has announced it’s opening a new store in Richmond, California. The new shop is located at 3500 B. Klose Way in the Hilltop Plaza in Richmond and adds to the company’s already one thousand plus stores. The 5,000 square foot boutique-style space offers an open concept with easy exploration of new...

Fashion

Crocs to launch punk-rock inspired collaboration

Crocs is teaming up with award-winning Russian band Little Big on an exclusive punk-rock-inspired collaboration featuring the brand’s Classic Clog with metal spikes, chains and Jibbitz charms inspired by the band’s unique style. The Little Big x Crocs collaboration launches on June 22 and will feature the Classic Clog in two colourways - bubble...

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Crocs appoints Tracy Gardner to its board of directors

Crocs has announced that Tracy Gardner has been appointed to its board of directors, effective June 9, 2021. Gardner has been a principal of the Tracy Gardner Consultancy for over ten years and has extensive experience in leading growth and strategy for fashion brands including Gap, J.Crew, and Lands End. During her time at J.Crew, she...

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Fashion

Get ready for stiletto Crocs, courtesy of Balenciaga

What do you get when you cross a stiletto with a plastic, orthopaedic comfort shoe? Balenciaga x Crocs of course! The latest fashion crossbreed of brands, once polar opposites on the style scale, have amalgamated into one of the summer’s most talked-about, if contrived, shoe hybrids. And it is not even available yet. Launching for Spring 2022,...

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Fashion

Crocs collaborate with DJ and producer Diplo to launch two new styles

Crocs has announced a collaboration with Grammy award-winning artist, DJ, and producer Diplo. The partnership will see the launch of two styles including a multi-tone take on the classic clog and a new classic Crocs sandal with unique Jibbitz charms. The collaboration includes a clog with a swirled pink, blue, and yellow paint-inspired graphic,...

Fashion

Crocs collaborates with Hidden Valley Ranch and The Hundreds

Crocs is teaming up with Hidden Valley Ranch and community-based streetwear brand The Hundreds to create a dressing-covered shoe. The new collaboration was announced on May 19 during the “Ranch With What?” segment of “Family Style To Go” on the NTWRK app - a two-day virtual festival supporting local restaurants. The off-white-colored croc...

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Business

Crocs posts strong sales growth, raises outlook

Crocs first quarter revenues were 460.1 million dollars, an increase of 63.6 percent from the same period last year, or 60.5 percent on a constant currency basis. The company said, direct-to-consumer (DTC) revenues grew 93.3 percent and wholesale revenues grew 50.1 percent. Gross margin for the quarter of 55 percent increased 730 basis points,...

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Business

Crocs posts 56.5 percent rise in Q4 revenues

Revenues at Crocs Inc., were 411.5 million dollars, an increase of 56.5 percent from the same period last year or 56.1 percent on a constant currency basis for the fourth quarter. The company said in a statement that ecommerce revenues grew 92 percent, wholesale revenues rose 52.2 percent, and retail comparable store sales increased 40.9 percent...

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Business

Ex-Nike executive Emma Minto joins Crocs as SVP and GM Americas

Crocs, Inc. has announced that Emma Minto was hired as Senior Vice President and General Manager, overseeing all operations for the brand’s Americas region. Minto, the company said, was formerly at Nike, where she spent 16 years in a range of leadership roles for the footwear giant, most recently as vice president and general manager of Nike...

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Fashion

Crocs unveils collaboration with Vladimir Cauchemar

Casual footwear brand Crocs is launching an exclusive collaboration with French electronic music artist and producer, Vladimir Cauchemar on January 28, 2021. Crocs describe the creative partnership with Cauchemar as “authentic” as the music artist is a fan of the footwear brand. The collaboration, inspired by sneaker culture, will feature the...