CROCS news and archive

Crocs raises outlook, expects FY18 revenues to increase by 6 percent

Crocs, Inc. anticipates fourth quarter revenues of 211 to 214 million dollars compared with prior guidance of 195 to 205 million dollars. The company continues to expect gross margin to increase by 80 to 100 basis points over 45.4 percent in the fourth quarter of 2017. Crocs now anticipates 2018 revenues to grow approximately 6 percent compared...

Fashion

The second Post Malone X Crocs collab sold out again

Post Malone created another sell-out collaboration with Crocs. Last month, the multi-platinum recording artist launched a collaboration with the footwear brand, which was completely sold out in a matter of hours. The collaborative team released another line yesterday, this one with six custom-designed Croc charms, or jibbitz, and a yellow...

Business

Crocs to buy back 50 percent of Blackstone stake

Colorful clogs brand Crocs Inc. has entered into an agreement with Blackstone Capital Partners to repurchase 50 percent of its stake in the company. Blackstone invested 200 million US dollars in Crocs in 2014, which included the purchase of approximately 13. 8 million shares of the company’s common stock. Now, Crocs will be paying 183.7 million...

Business

Crocs buying back 50 percent of Blackstone stake

Crocs Inc. plans on buying back and converting some of the preferred shares held by Blackstone Group LP in the latest sign that a multi-year turnaround effort has been working in the company's favor. The company will pay 183.7 million dollars for half the preferred stock Blackstone acquired as part of a 200 million dollar investment back in...

People

Zooey Deschanel and Natalie Dormer named as new Crocs brand ambassadors

US footwear brand Crocs has announced that US actress, singer-songwriter and director Zooey Deschanel, and British actress Natalie Dormer will be the newest celebrity faces to join the brand’s ‘Come as You Are’ marketing campaign in 2019. The campaign - started back in 2017 - is a celebration of all things that make us unique, a message that the...

Report

Crocs Q3 revenues increase 7.3 percent, raises outlook

Crocs, Inc. for its third quarter reported revenues of 261.1 million dollars, a 7.3 percent or 9.3 percent increase on a constant currency basis. The company said, this growth was achieved despite the loss of approximately 15 million dollars due to operating fewer stores and business model changes. E-commerce grew 23.2 percent, wholesale 9.3...

PeopleFeatured

Post Malone's new Crocs line sells out in hours

Love them or hate them, Crocs are here to stay, and if the Post Malone x Crocs Dimitri Clog is anything to go by, the brand's future looks bright. Multi-platinum-recording artist and self-confessed Croc enthusiast Post Malone today launched his collaboration with the US footwear brand, and the line sold out in just hours. The PostMalone x Crocs...

Report

Crocs reaffirms Q3 and FY18 outlook

Crocs, Inc. reiterated its guidance for the third quarter and full year ended December 31, 2018 said that the company continues to expect revenues of 240 to 250 million dollars compared to 243.3 million dollars in the third quarter of 2017 and full year revenues to increase low single digits over 2017 revenues of 1,023.5 million dollars, with...

Business

Crocs shuts social media rumors that it would be going out of business

Fans of Crocs’ plastic clogs went on a social media frenzy, after the American brand announced the closure of its last owned manufacturing facilities in Mexico and Italy. "In connection with ongoing efforts to simplify the business and improve profitability, during the second quarter, the company closed its manufacturing facility in Mexico and...

Report

Anne Mehlman to join Crocs as Chief Financial Officer

Crocs has announced through a statement that Carrie Teffner, executive vice president and chief financial officer is resigning from the company effective April 1, 2019 to pursue strategic board and advisory work. The company has appointed Anne Mehlman as Teffner’s successor, who will assume the Executive Vice President and Chief Financial...

Report

Crocs revenues increase 4.7 percent in Q2

Revenues at Crocs Inc., the company said, were 328 million dollars, up 4.7 percent over the second quarter of 2017, or 2.3 percent on a constant currency basis. Crocs said, this growth was achieved despite the loss of approximately 22 million dollars due to operating fewer stores and business model changes. E-commerce sales grew 23.8 percent,...

Management

Bill Gray appointed to Crocs board of directors

Crocs, Inc. has announced that Bill Gray has been appointed to its board of directors, effective June 5, 2018. The company said, Gray brings more than three decades of brand development, communications and digital strategy expertise to Crocs’ board. “We are pleased to welcome Bill to the Crocs board of directors,” said Thomas J. Smach, Chairman...