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How Crocs Became An Unlikely Billion-Dollar Brand

8 Views· 04 Nov 2021
Wise Phenomenal
91

These are Crocs. And a lot of people think they’re really ugly. People who love to hate Crocs had cause to celebrate in 2008, when investors were writing the company off as a passing fad. Crocs lost over $185 million that year and cut 2,000 jobs. The stock plunged to just over $1 a share from a high of about $69 a year earlier.

But over the next decade, Crocs would go on to sell 700 million pairs of shoes worldwide. Recently, the clogs have have been strutting down runways at luxury fashion shows. Celebrities like Justin Bieber, Ariana Grande and Post Malone are wearing the shoes. It’s a top brand among Gen Z. And limited edition Crocs are selling for up to $1,000 on the resale market. Crocs have become... a collector’s item.

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How Crocs Became An Unlikely Billion-Dollar Brand

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Wise Phenomenal
Wise Phenomenal 3 months ago

I'm still dating any woman that wears these outside of her job, lol! It appeared that only women I saw rocking these were hood'ish type women and they'd have stickers all over them. But I'm glad this video gave me some background on just how these shoes popped off ~

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