Crocs Inc

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Casual fashion continues to draw US teen spend Beth Wright | 9 Oct 19

Athletic brands such as Canadian yogawear retailer Lululemon and sportswear giant Nike continue to prove popular with teens in the US, as casualisation of fashion continues despite teen spending falling to the lowest levels in eight years.


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands just-style | 1 Aug 19

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. 


Crocs to cut China production amid tariff threat Hannah Abdulla | 12 Jun 19

US footwear firm Crocs says the potential impact of any new US tariffs on footwear imports from China will see it cut the amount of US product sourced from China by more than two-thirds over the next year.


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity just-style | 23 May 19

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.


Crocs to buy back half of Blackstone stake Beth Wright | 4 Dec 18

US footwear manufacturer Crocs Inc is to buy back half of Blackstone Capital Partners' stake in the company.


Crocs shuts own factories to outsource production Beth Wright | 10 Aug 18

US footwear manufacturer Crocs Inc is to close its company-owned manufacturing plants in Italy and Mexico and outsource its entire production to third-party manufacturers.


Crocs loses Europe design protection for clogs Michelle Russell | 20 Mar 18

US footwear manufacturer Crocs Inc has lost the registered design protection for its well-known shoe in the European Union (EU).


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Crocs directors and officers sued for antitrust violations Beth Wright | 18 Aug 16

US family-owned footwear company Dawgs Inc has filed a lawsuit against 18 individuals associated with US shoe maker Crocs Inc for fraudulently obtaining and enforcing patents to give it an unfair edge in the market.


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Crocs sues Evacol over patent infringement Katie Smith | 6 Jan 16

US shoe maker Crocs has filed a patent infringement lawsuit against footwear firm Evacol USA.


Crocs Q2 profit plummets on lower sales Katie Smith | 31 Jul 15

US footwear firm Crocs has seen its second-quarter profit plummet 42.3%, due to lower retail and wholesale sales, especially in Europe.


Crocs makes “meaningful” progress despite Q1 loss Katie Smith | 11 May 15

US footwear business Crocs says it continues to make "meaningful progress" in implementing its new business strategy despite swinging to a first-quarter loss - including the appointment of a new SVP of global sourcing.


Success on the horizon for Crocs Michelle Russell | 27 Apr 15

Success is on the horizon for US footwear business Crocs, one analyst believes, with 2015 set to be “a transition year” for the group.


Crocs Asia suppliers score high in compliance Michelle Russell | 25 Mar 15

US footwear business Crocs said its Asia tier-one contract manufacturers scored an average of 90% on social compliance audits last year as it revealed its 2014 sustainability achievements.


Crocs narrows loss but cautious on outlook Michelle Russell | 27 Feb 15

US footwear business Crocs has narrowed its losses in the fourth quarter but said it expects sales in its first-quarter to be down on declines in its China business.


2014: Year in review - Brand winners and losers Lee Adendorff | 17 Dec 14

Successful turnaround plans, strong export growth, and innovative products paid dividends for some brands in 2014, while others were dented by takeover talk, adverse currency impacts and unsubstantiated marketing claims.


Top company strategic reviews of 2014 Michelle Russell | 17 Dec 14

Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to heavy promotional activity in order to keep sales up. Subsequently, however, margins and earnings were hit. As a result, a large number of firms were forced to carry out strategic reviews on their business operations in order to turn their businesses around. Here are some of those that just-style has reported on this year.


Crocs appoints Spanx exec Ribatt as CEO Michelle Russell | 16 Dec 14

US footwear business Crocs has appointed veteran footwear and apparel industry executive Gregg Ribatt as its chief executive officer.


Turnaround strategy boosts Crocs Q3 profit Michelle Russell | 28 Oct 14

US footwear business Crocs has booked an increase in earnings in its third-quarter thanks to first results of a turnaround plan implemented by the company in July.


New hires help upgrade Crocs management team Michelle Russell | 21 Oct 14

US footwear business Crocs has made a number of key management appointments intended to help the company to turn its fortunes around.


US: Crocs promotes Poole to global merchandising role Michelle Russell | 21 Aug 14

Footwear business Crocs has promoted product merchant leader Michelle Poole to the newly created role of senior vice president of global merchandising.


US: Crocs shifts strategy and cuts jobs as Q2 profit slumps Richard Woodard | 22 Jul 14

Footwear business Crocs has unveiled a strategic plan aimed at bringing long-term growth to the company after second quarter profits slumped by 34%, including more than 180 global job cuts.


US: Crocs taps former Reebok exec Rees as president Michelle Russell | 14 May 14

Plastic clogs maker Crocs Inc has appointed consumer brand management executive Andrew Rees as its president.


US: Crocs Q1 earnings tumble on costs Michelle Russell | 1 May 14

Plastic shoe maker Crocs saw its earnings tumble in the first quarter as a result of one-off costs, the impact of the Easter shift and negative currency impacts in Japan and Russia.


US: Crocs records "balanced" Q4 performance Michelle Russell | 21 Feb 14

Plastic shoe maker Crocs said it delivered a "balanced" performance in the fourth quarter, despite its net losses widening.


US: Crocs and Blackstone close $200m investment deal Michelle Russell | 28 Jan 14

Shoe firm Crocs Inc has closed a deal that will see private equity firm Blackstone Group make a US$200m investment in the firm.

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