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Crocs, Inc. is an American footwear company based in Broomfield, Colorado, that manufactures and markets the Crocs brand of foam footwear. Crocs, Inc. term these "clogs", but they do not contain any wood like traditional clogs .
The Crocs brand, meanwhile, continued to show strength, with revenue climbing 7.4% to $858 million. Crocs DTC revenue rose 7.7%, with comparable DTC revenue up 4.8%. Wholesale revenue increased 7.1%.
Crocs sued USA Dawgs’ Canadian affiliate Double Diamond in 2006 for patent infringement on its clog designs. Crocs amended that complaint in 2012 and added USA Dawgs as a defendant.
Crocs also hasn’t been helped by its $2.5 billion acquisition in 2022 of Hey Dude, a slip-on loafer brand that humbled the shoe company with tanking sales last quarter.
Crocs Brand revenues increased 7.4% to $858 million, or 7.9% on a constant currency basis. HEYDUDE Brand revenues decreased 17.4% to $204 m Crocs Shares Plunge After Q3 Earnings As HEYDUDE Brand ...
Champs Sports was acquired in the 1980s by the Woolworth Corporation, then a specialty store division of the F. W. Woolworth Company.It, along with Foot Locker (which was owned by Woolworth and is now the name of the company that succeeded Woolworth), sold athletic merchandise, replacing the five and dime and department store concepts with the increasing specialty store concept.