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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 teamed with McDonald's in 2023 on a footwear line. McDonald's and Crocs first collaboration dropped shoes, socks and Jibbitz™ charms in November 2023, according to a previous Enquirer article.
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%.
In October 2006, Crocs Inc. purchased Jibbitz, a manufacturer of accessories that snap into the holes in Crocs shoes, for $10 million, or $20 million if Jibbitz met earnings goals. [ 20 ] In January 2007, Crocs acquired assets of Ocean Minded [ 21 ] for $1.75 million in cash, plus potentially $3.75 million based on performance.
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The shoe line is now live on the Crocs website, at Crocs retail locations and select wholesale partners, while supplies last. The shoes — complete with Jibbitz charms — cost about $70 to $75 a ...
Kelly Ann Ayotte (/ ˈ eɪ ɒ t / AY-ott; [2] born June 27, 1968) is an American attorney and politician who is the governor-elect of New Hampshire.A member of the Republican Party, she served as a United States senator from New Hampshire from 2011 to 2017 and as New Hampshire Attorney General from 2004 to 2009.
Clogs are a type of footwear that has a thick, rigid sole typically made of wood, although in American English, shoes with rigid soles made of other materials are also called clogs. [ 1 ] [ 2 ] Traditional clogs remain in use as protective footwear in agriculture and in some factories and mines .
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