Blog: Crocs snaps
Leonie Barrie | 7 August 2009
“People seem to either love Crocs or hate them; either way they’re certainly talking about them,” the CEO of the colourful plastic clog maker said yesterday. But perhaps a more critical question is whether people are actually buying them too?
Despite swinging to a second quarter loss of $30.3m as sales tumbled 11.3%, the market took comfort from the firm’s rising retail and internet sales, strong demand in Asia, lower inventories and the fact a $17.3m credit facility has been paid off. Oh, and the company sees a return to profit in 2010.
“Our unwaivering commitment is to return this company to profitability and dismiss the notion that Crocs is a fad,” CEO John Duerden added.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
- What TTIP might mean for US, EU textiles & apparel
- Four steps to reduce product defects
- Geo-political uncertainty and how to survive it
- Adidas raises the bar for North America sales
- Finding value in fashion retail reverse logistics
- H&M, VF Corp and Levi among most ethical companies
- PVH Corp to acquire e-commerce retailer True&Co
- US Q4 in brief – Destination XL Group, Caleres
- Vietnam limits hazardous chemicals in apparel
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective