Crocs (CROX)

Profile

Exchange: NASDAQGS       Sector: Consumer Goods       Industry: Textile - Apparel Footwear & Accessories

Crocs, Inc. is a shoe designer, manufacturer, distributor, worldwide marketer and brand manager of footwear and accessories for men, women and children. The company was founded by 3 friends - Scott Seamans, Lyndon "Duke" Hanson, and George Boedecker, Jr. - to produce and distribute a foam clog design acquired from a Quebec company called Foam Creations. The shoe had originally been developed as a spa shoe. The first model produced by Crocs, the Beach, was unveiled in 2002 at the Ft. Lauderdale Boat Show in Florida, and sold out the 200 pairs produced at that time. The company's products include footwear and accessories that utilize closed cell-resin. The use of this unique material allows the company to produce innovative, lightweight, non-marking and odor-resistant footwear. The company sells its products in more than 90 countries through domestic and international retailers and distributors, and directly to end-user consumers through company-operated retail stores, outlets, kiosks and webstores. The company was formerly known as Western Brands, LLC and changed its name to Crocs, Inc. in January 2005. Crocs, Inc. was founded in 1999 and is headquartered in Niwot, Colorado.