THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Crocs posts record revenues in 2021

Footwear brand Crocs saw its revenue increase by 42.6% year-on-year to $586.6 million in its fourth quarter. Direct-to-consumer sales, which includes retail and ecommerce, rose by… View Article

FASHION

Crocs posts record revenues in 2021

Footwear brand Crocs saw its revenue increase by 42.6% year-on-year to $586.6 million in its fourth quarter.

Direct-to-consumer sales, which includes retail and ecommerce, rose by 44.5% while wholesale revenues saw an uplift of 40.3%

The quarter’s results meant that revenues climbed by 66.9% to a record $2.3 billion in 2021.

Meanwhile, full year income from operations rose by 219% to $683.1 million from $214.1 million in the previous year.

Andrew Rees, Crocs chief executive, said: “A strong 2021 holiday season completed a very successful year for our brand. We achieved incredible results with record revenues of $2.3 billion, 67% revenue growth and industry-leading 30% operating margin. Our fourth straight year of revenue growth was fuelled by continued strong consumer demand for the Crocs brand globally.”

During the period, Crocs announced that it was acquiring the Heydude footwear brand for $2.5 billion. The deal is expected to complete this month.

Looking ahead, Lee added: “We are excited about our sustainable growth trajectory for both the Crocs and Heydude brands and are confident in our plan to grow to $6 billion in revenues by 2026.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >