In This Article:
Crocs (CROX) revealed its latest shoe design for its "Croctober" event deals — a pair of Crocs cowboy boots. Yahoo Finance's Brooke DiPalma, Alexandra Canal, and Josh Schafer give their opinions on Crocs' festive new footwear.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
This post was written by Luke Carberry Mogan.
Video Transcript
- This Croc, but you have to see it.
It has metallic charms.
ALEXANDRA CANAL: Spurs!
- A spur on the back.
And it also has black.
It has white Crocs logo on it.
I mean, they're certainly making a big bet here.
But this has been years coming for Crocs to introduce this cowboy boot style.
And, I mean, if you look at sort of the run up of Crocs stock recently, in the past five years, I mean, they're up, I think, nearly 270%, if I have that right.
But they're definitely up well over 100%.
Yep.
There you see it.
Year to date, down.
- Longer term-- - But in longer term, up there.
- --they've done very well since the pandemic.
- Up 340% as consumers really make this shift to a more leisure lifestyle.
I know Allie and I have heels.
You have sneakers.
But consumers are really changing their habits about how much, you know, they're willing to put up with uncomfy shoes.
And they want more comfort.
- We were just talking about Taylor Swift and sort of how she can attach her name to anything.
And there's, like, the large group of Swifties that follow, right?
ALEXANDRA CANAL: Yeah.
- Right.
- Crocs has such an impressive-- - Loyal following.
- --loyal following.
They come out with these-- they feel random releases, right, like Hidden Valley Ranch and Crocs team up, and they look kind of goofy online.
- Post Malone, right?
- Yeah.
And then all of a sudden, people are buying them.
Like, they are great at the collaboration game and getting people to collect more Crocs.
Those cowboy Crocs are awesome, though.
I mean, tell me those aren't going-- ALEXANDRA CANAL: Would you wear them, though?
- I see those on Broadway and Nashville.
ALEXANDRA CANAL: It depends on the event.
- Broadway and Nashville, you're hitting the bars.
You want to go cowboy boots.
ALEXANDRA CANAL: Also, some of those music festivals.
- Where you want to be able to move.
ALEXANDRA CANAL: Yeah, some of those music festivals, I think, could be really comfy.
And look, Crocs, they exploded during the pandemic.
People wanted to wear comfier clothes.
The Crocs CEO was on CNN, basically saying that the business is still booming because people don't want to dress smartly anymore.
They just want to keep it chill and casual.