Crocs

Designs and sells comfortable casual footwear

Niwot, Colorado, United States

About Crocs

Crocs specializes in casual footwear for men, women, and children, with a strong reputation for its comfortable and distinctive clog design. The shoes are made from a proprietary material called Croslite™, which is lightweight, non-marking, and odor-resistant, providing both comfort and functionality. Crocs offers a variety of footwear options, including clogs, sandals, slides, boots, and wedges, catering to everyday consumers, children, and professionals who need durable shoes for work. What sets Crocs apart from its competitors is its multi-channel sales strategy, which includes direct-to-consumer sales through its website and retail stores, as well as wholesale distribution to third-party retailers. The company aims to reach a broad audience and maintain a strong market presence while continuously expanding its product line, including themed collections like the Crocs Fun Lab, which features designs inspired by popular characters from Disney, Pixar, and Marvel.

Niwot, ColoradoHeadquarters
2002Year Founded
$200MTotal Funding
IPOCompany Stage
Consumer GoodsIndustries
1,001-5,000Employees

Benefits

Health and wellness programs
Paid time away from work
Financial wellness programs
Global company
Volunteer opportunities
Paid family leave

Risks

Potential class action lawsuit over 'Patented' Materials could harm Crocs' reputation.
Sky Zone collaboration may not appeal to all consumers, risking unsold inventory.
Pet booties may dilute Crocs' core brand identity.

Differentiation

Crocs uses proprietary Croslite material for comfort and odor resistance.
The brand offers over 300 four-season footwear styles.
Crocs collaborates with popular franchises like Disney and Marvel.

Upsides

Rising demand for athleisure boosts Crocs' comfortable footwear sales.
Direct-to-consumer sales channels enhance Crocs' profit margins.
Collaborations with brands like Bluey expand Crocs' market reach.

Funding

Total raised$200.00 M
StageIPO
POST IPO EQUITY
11/30/2013
$200