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Encyclopedia > Crocs
Crocs Inc.
Type Public (NASDAQ: CROX)
Founded 2002
Headquarters Niwot, Colorado
Industry Wholesale Trade, Retail & Consumer Services, Clothing & Clothing Accessories
Products shoes
Revenue US$847.4 (mil.) (2007)
Operating income US$168.2 (mil.) (2006)
Net income US$64.4 (mil.) (2006)
Employees 1130 (2006)
Website www.crocs.com

Crocs Inc. (NASDAQ: CROX) is an American company founded by Lyndon "Duke" Hanson, Scott Seamans, and George Boedecker[1] in July 2002. Based in Boulder, Colorado, the firm was created to market a lightweight plastic shoe first developed and manufactured by Foam Creations Inc.[1] of Quebec, Canada. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... NASDAQ in Times Square, New York City. ... Also see: 2002 (number). ... Niwot is a city located in Boulder County, Colorado. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... USD redirects here. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... NASDAQ in Times Square, New York City. ... July is the seventh month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... Also see: 2002 (number). ... Boulder is a Home Rule Municipality that is the county seat and most populous city of Boulder County, Colorado, in the United States. ... This article is about the Canadian province. ...


Originally intended as a boating/outdoor shoe because of its slip-resistant, non-marking sole, Crocs introduced its first model, the Crocs Beach, in November 2002 at the Ft. Lauderdale Boat Show, selling out the 200 pairs produced at that time.[2] 2002 : January - February - March - April - May - June - July - August - September - October - November - December A timeline of events in the news for November, 2002. ... Fort Lauderdale, known as the Venice of America, is a city located in Broward County, Florida. ...


As of 2007, the product line has remained popular, indicated by high sales growth, and has the characteristics of a sustained fad, with both ardent support[3] and disapproval.[4] For other uses, see FAD (disambiguation). ...


Crocs has been the title sponsor of the Association of Volleyball Professionals (AVP) Tour since 2006. AVP (Association of Volleyball Professionals) was founded in 1983 to cater to the sport of beach Volleyball, its players and fans. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Contents

Manufacture and patents

In June 2004, Crocs purchased Foam Creations and their manufacturing operations to secure exclusive rights to the proprietary foam resin "croslite", which is made using ethylene vinyl acetate[5][6]. The foam forms itself to a wearer's feet and offers purported medical benefits, according to a number of podiatrists.[7][8] Sea foam on the beach Foam on a cappuccino Fire-retardant, foamed plastic being used as a temporary dam for firestop mortar in a cable penetration in a pulp and paper mill on Vancouver Island, British Columbia, Canada. ... This article does not cite any references or sources. ... a close-up picture of open celled EVA Polyethylene vinyl acetate (CAS# 24937-78-8, also known as EVA or sometimes simply as acetate) is the copolymer of ethylene and vinyl acetate. ... It has been suggested that this article or section be merged with podiatry. ...


Crocs holds four patents covering various utility aspects of its footwear, U.S. Patent No. 6993858 B2 issued February 7, 2006, and U.S. Patent Nos. D517788,, D517789 and D517790 issued on March 28, 2006. The Company also announced that it has filed complaints with the U.S. International Trade Commission (ITC) and the U.S. Federal District Court against 11 companies that manufacture, import or distribute products called Crock-offs that Crocs believes infringe its patents.[9]


Acquisitions

various types of Crocs with accessories

On October 3, 2006, Crocs purchased Jibbitz, a manufacturer of accessories that snap into the holes in Crocs, for US$10 million. This gives Crocs a direct shot at the running shoe market, targeting Nike Inc. and Adidas in the process. Image File history File links Size of this preview: 800 × 600 pixelsFull resolution‎ (1,024 × 768 pixels, file size: 634 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... Image File history File links Size of this preview: 800 × 600 pixelsFull resolution‎ (1,024 × 768 pixels, file size: 634 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... is the 276th day of the year (277th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... USD redirects here. ... The Nike swoosh logo Nike, Inc. ... This article is about the company. ...


Health and safety

Shoes such as Crocs and flip-flops came under scrutiny in 2006 when children suffered injuries after the shoes became caught in escalator mechanisms.[10] This was due to the softness of the shoe's material combined with the relatively smaller size of children's feet.[11] Escalators at Canary Wharf, London. ...


Rapid City Regional Hospital in Rapid City, South Dakota changed its dress code in 2007 to prohibit the sandal variants, along with those with Jibbitz holes, citing safety concerns, but still allowed closed-top "Professional" and the healthcare focused "Rx" Crocs to be worn.[12] Blekinge hospital in Sweden has banned the wearing of "Foppatoffels" (Swedish nickname derived from the owner of the company that imports the shoes, Peter "Foppa" Forsberg) by hospital staff, due to the concern that the shoes may build up static electricity and thus interfere with electronic equipment.[13][14] crocs Inc. ... Blekinge is the name of a geographical region in Sweden which can refer to: Blechingia, or Blekinge - a historical Province of Sweden Blekinge County, or Blekinge län - a current County of Sweden This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same...   (born July 20, 1973, in Örnsköldsvik, Sweden) is a Swedish professional ice hockey player who is currently a free agent. ...


Fashion and media

Bill Maher New Rule: Stop wearing plastic shoes

While some regard Crocs shoes as comfortable and colorfully decorated, others see them as a fashion disaster, and a sub culture has emerged of people who vocally oppose the shoes. A Washington Post article described the phenomenon: "Nor is the fashion world enamored of Crocs. Though their maker touts their 'ultra-hip Italian styling,' lots of folks find them hideous."[7] A blog named "I Hate Crocs dot com." follows Croc opponents periodically.[4] The shoes have been targets of satire: on Real Time with Bill Maher, Maher called for a "New rule: stop wearing plastic shoes," over a photo of Crocs,[15] and The Daily Show "Senior Public Restroom Correspondant" Rob Corddry, following up on the Senator Larry Craig June 2007 lewd conduct arrest, "reported" that anyone wearing Crocs is signalling "anything goes."[16] Commentators have noted that social networking sites are collectively allowing individuals to share their distaste for Crocs[17]. Crocs are #6 on the "Worst" list of Maxim's "The 10 Best & Worst Things to Happen to Men in 2007."[18] Crocs have also made an appearance in the the movie Idiocracy: In the movie, which presents a future in which culture greatly degrades over time and the general public is made up of morons, some characters, including the main character, can be seen wearing shoes resembling Crocs. Also, on Facebook there is a group called "I Don't Care How Comfortable Crocs Are, You Look Like A Dumbass" with over 800,000 members. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Real Time with Bill Maher is a talk show that airs weekly on HBO, hosted by comedian and political satirist Bill Maher. ... The Daily Show is a Peabody and Emmy Award-winning American satirical television program produced by and airing on Comedy Central. ... This article is about the Idaho senator. ... Idiocracy is a 2006 American dark comedy directed by Mike Judge, and starring Luke Wilson and Maya Rudolph. ...


On October 31st, 2007 the stock CROX dropped from $75 per share to slightly under $40 (its value six months previously) when the company announced decreased revenue projections. [19] [20] [21] [22] [23] [24] [25] On April 14th, 2008, the stock dropped 30% in after-hours trading after the company issued a press release in which they significantly guided down earnings estimates for the first quarter.


Products

A Crocs display in a shop
A Crocs display in a shop

Crocs come in a variety of styles. They are usually manufactured in China, but they are also made in Florida (USA), Quebec (Canada), Mexico, Romania, Italy and Brazil.[citation needed] Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The Peoples Republic of China (PRC) is a communist state, comprising most of the cultural, historic, and geographic area known as China. ... This article is about the U.S. State of Florida. ... This article is about the Canadian province. ...


The shoes are produced in a wide array of colors depending on the model. The Beach and Cayman styles are available in more than 20 colors; most other styles are produced in a palette of four to six colors or two-color combinations.


References

  1. ^ When Crocs attack, an ugly shoe tale Diane Anderson, Business 2.0 Magazine (CNNMoney.com), November 3, 2006, accessed February 2, 2007.
  2. ^ Fashion Attack, Elizabeth Wellington, Philadelphia Inquirer, 2007-07-05. Retrieved 2007-08-25.
  3. ^ crocfans.com CrocFans website.
  4. ^ a b I Hate Crocs dot com. Retrieved on 2007-08-13.
  5. ^ Maniscalco, Michelle (March, 2007). E-shots Web-exclusive: Patent check: What's in a Croc?. Injection Molding Magazine. Retrieved on 2007-07-31.
  6. ^ US patent 6993858
  7. ^ a b ""Not Such A Croc"", Washington Post, 1 August 2006, pp. HE01. Retrieved on 2007-08-13. 
  8. ^ Form 10-K for Crocs Inc. (archive) Crocs 2006 Annual Report. Yahoo!Finance. March 31, 2006. accessed 2007-04-29.
  9. ^ [http://sec.edgar-online.com/2006/08/14/0001104659-06-054218/Section13.asp CROCS, INC. Form:10-Q] Filing Date:8/14/2006.
  10. ^ Crocs can pose a danger on escalators ABC News. Kate Snow, October 5, 2006, accessed 2007-04-19.
  11. ^ Experts recommend caution while wearing clogs WMC-TV Memphis Tennessee. September 21, 2006, accessed 2007-04-19.
  12. ^ Holey Crocs get the boot at Regional Hospital Mary Garrigan, Rapid City Journal, February 1, 2007, accessed 2007-04-18.
  13. ^ Swedish hospital to ban 'Foppatoffels' The Local(Sweden), April 18, 2007, accessed on April 20, 2007.
  14. ^ Plastic clogs disrupt machinery in Swedish hospital Guardian Unlimited (AP), April 19, 2007, accessed April 19, 2007.
  15. ^ "August 24, 2007". Real Time with Bill Maher. HBO. 2007-08-24. No. 1, season 10. 51.5 minutes in. "It was only a year ago when only pre-schoolers and mental patients wore these. But now grownups, all over America, have gone Croc crazy. The latest step in our unending quest to dress as casually as humanly possible. You know, I used to wear flip-flops, but they were a little dressy. I want clothing I can hose down! Admit it: we're a nation of slobs who won't be happy until we can go to the mall in a diaper."
  16. ^ "September 10, 2007". The Daily Show with Jon Stewart. Comedy Central. 2007-09-10. 10 minutes in. "...Oh, and Jon, anyone in those brightly colored plastic Crocs? That means anything goes. We're talking hardcore ass-[censored] stuff - scat play. And Jon, that's not just in bathrooms. Anytime you see anyone wearing crocs, be aware. ... If they're wearing Crocs, they are soliciting incredibly depraved gay sex. You can take that to the bank."
  17. ^ Croc On; Rob Walker, New York Times Magazine, 2007-07-15
  18. ^ The 10 Best and Worst Things to Happen to Men in 2007. Maxim Magazine. Retrieved on 2007-12-25.
  19. ^ CROX: Basic Chart for CROCS, INC. - Yahoo! Finance
  20. ^ Crocs Shares Plummet on 3Q Results; Yahoo Finance News(AP), 2007-11-01
  21. ^ Crocs Chokes
  22. ^ TheStreet.com : Crocs Gets Stomped | Retail | CROX
  23. ^ http://biz.yahoo.com/ap/071101/crocs_ahead_of_the_bell.html?.v=1
  24. ^ UPDATE 2-Crocs outlook lags Wall Street, shares tumble | Markets | Markets News | Reuters
  25. ^ Crocs Eats Shorts - Forbes.com

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Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 225th day of the year (226th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 119th day of the year (120th in leap years) in the Gregorian calendar. ... For other uses, see 5th October (Serbia). ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... is the 264th day of the year (265th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... is the 32nd day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 108th day of the year (109th in leap years) in the Gregorian calendar. ... is the 108th day of the year (109th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 110th day of the year (111th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The Associated Press, or AP, is an American news agency, the worlds largest such organization. ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Real Time with Bill Maher is a talk show that airs weekly on HBO, hosted by comedian and political satirist Bill Maher. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 236th day of the year (237th in leap years) in the Gregorian calendar. ... The Daily Show is a Peabody and Emmy Award-winning American satirical television program produced by and airing on Comedy Central. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 253rd day of the year (254th in leap years) in the Gregorian calendar. ... Coprophilia is a paraphilia consisting of the condition of feeling sexual excitement focused on feces, often in conjunction with BDSM or infantilism. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 196th day of the year (197th in leap years) in the Gregorian calendar. ... Maxim is an international mens magazine that is prominent for depicting popular actresses, singers, and other female celebrities in sexually alluring poses, usually wearing lingerie or other brief attire. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 359th day of the year (360th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 305th day of the year (306th in leap years) in the Gregorian calendar. ...

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