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Crocs Footwear

Maker of outdoor shoes.

Headquarters:
7477 East Dry Creek Parkway
Niwot, CO 80503
Employees: 4,900
CEO: John McCarvel
Stock Symbol: CROX

Website: http://www.crocs.com

Career Site

Crocs is a designer, manufacturer and marketer of footwear for men, women and children under the Crocs brand with over 300 different styles. All of the company's shoes use proprietary closed-cell resin material, which offers comfort and functionality.

The proprietary closed-cell resin, called Croslite, enables Crocs to produce a soft and lightweight, non-marking, slip and odor-resistant shoe. These properties make Crocs footwear ideal for casual wear and for recreational uses such as boating, hiking, fishing or gardening, and have enabled the company to successfully market products to a broad range of consumers.

Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in over 90 countries around the world.

Crocs has 619 retail locations including outlet stores and kiosks around the world.

Revenues for 2013 were $1.19 billion, down slightly from the previous year. Net income was $10.4 million. It sold 54.3 million units in 2013, an 8.8% increase, at an average price of $21.27.

History

The company was started when three Boulder, CO based founders decided to develop and market an innovative type of footware called Crocs shoes
 
Originally intended as a boating/outdoor shoe because of its slip-resistant, non-marking sole. By 2003 Crocs had become a bona-fide phenomenon, universally accepted as an all purpose shoe for comfort and fashion.
 
From 2003-2004 Crocs focused on accommodating fast growth while maintaining control. The company expanded its product line, added warehouses and shipping programs for speedy assembly and delivery, hired a senior management team and acquired Foam Creations.

The company went public on Nasdaq in February 2006.

In 2006, the company acquired Jibbitz LLC, a unique accessory brand with colorful snap-on products specifically suited for Crocs shoes.

The company launched a golf line of shoes in 2012.

Updated February 22, 2014