July 16, 2009
Today the Washington Post ran an article about Crocs, “Once-Trendy Crocs Could Be On Last Legs,” which some of you may have seen, as it has quickly spread around the web. Here is what Crocs President and CEO, John Duerden, has to say about the story:
In response to the Washington Post’s article about the health of Crocs, Inc., I’d like to clear up a few points. We sell comfortable, durable shoes in a wide variety of appealing styles for men, women and children, and offer great value. This is a good business to be in at a time when families are watching their budgets, and we’re confident in the future of our company.
Critics who suggest we are a one-shoe company couldn’t be more wrong. As we explained to the reporter, we currently have more than 120 styles of casual, comfortable footwear, including sandals, boots, heels, wedges, flats and functional footwear for people who work on their feet or who have foot or back problems, along with our signature clogs. Don’t take my word for it – you can see for yourself an example of the variety of styles we offer such as wedges, flats, sandals, and more.
As the article correctly points out, we face challenges resulting from rapid growth. We’ve taken action to address those challenges, including aligning our production capacity to meet demand, reducing our overhead expenses and the size of our workforce, and paying down debt.
There are more than 100 million consumers in 125 countries that love our product. The Crocs brand is only five years old, and already it’s almost as well-known as Nike and Adidas. It’s an icon and whether people love it or hate it, they talk about it – as the article and the online response to it demonstrate.
Crocs shoes are perhaps the perfect product for a world in which value and simplicity are replacing avarice and over-consumption. We appreciate the support of our many loyal customers, retailers, investors and employees around the world.
President and CEO
Editor’s Note: John Duerden thanks the fans on a follow up blog post – link