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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...

23 Feb 2021

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...

1 Feb 2021

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...

25 Jan 2021

Business

Crocs raises Q4 and full year revenue outlook

Crocs, Inc. has raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent. “Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,” said Andrew Rees, the company’s Chief Executive Officer in a statement, adding, “Our brand momentum is exceptional, and we...

11 Jan 2021

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,...

27 Oct 2020

Fashion

Crocs and Justin Bieber announce biggest Croctober launch to date

Crocs has announced a first-ever collaboration with global superstar, Justin Bieber. The inspiration for the Crocs collection comes from the signature yellow of Bieber’s personal clothing brand, Drew House, and includes eight custom Jibbitz charms. “As an artist, it’s important that my creations stay true to myself and my style. I wear Crocs all...

8 Oct 2020

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