![]() ![]() Crocs stock fell by 12% today, though year-to-date it is 97% up-peaking in November-helped by a strong sales performance last year and this year to date. Investors did not react positively to the deal. ![]() The new arrival will take that share down to 57% with Hey Dude’s casual offering making up 20% of sales. In a presentation to investors, Crocs said that the addition of Hey Dude would also help to balance the company’s category portfolio which is 71% skewed to clogs. Blackshaw will become a member of the Crocs executive leadership team and report to CEO Rees. He has previously served as president of boat shoe brand Sperry where he diversified the non-boat category from 36% to 50% of the business president of Keds where collabs included Taylor Swift and vice president/general manager of the Chuck Taylor division of Converse. Rick Blackshaw-the former CEO at CCM Hockey-will take over as executive vice president and brand president.īlackshaw is a seasoned veteran of the footwear and fashion market with over 25 years under his belt. When the deal closes, Hey Dude will operate as a standalone division, with founder Rosano, handling product development as strategic advisor and creative director. The $2.05 billion will come from a $2 billion term loan and $50 million borrowing through an existing credit facility. These slip-on sneakers are comfy and convenient for girls and boys.Īnd this is just the beginning.The purchase is being funded by $2.05 billion in cash and $450 million in Crocs shares issued to Rosano based on the average of the daily volume-weighted average price of Crocs stock during the 20 days immediately prior to the signing date. The overwhelmingly popular Wally & Wendy HEYDUDE styles are now available in youth size shoes as well. Select HEYDUDE Womens Shoes are available in women's size 5 to 11. Once you've tried the Women's HEYDUDE Wendy Shoes we're sure you'll agree with these reviewers that they're "so comfortable and very light weight," that they're "quickly becoming my favorite shoes" and "I absolutely love them - wish they came in more colors!" In response to customer feedback, HEYDUDE has released more colors and prints than ever before! Also, new women's styles are popping up like the Wendy Rise, Misty, Peyton, and Britt. Select HEYDUDE Mens Shoes are available in men's size 7 to 14. You can transition from summer to fall with the chukka boot silhouettes and the lightweight sneaker styles in your HEYDUDE collection. The Men's HEYDUDE Wally Shoes may be your first experience with this brand, but HEYDUDE is dedicated to supporting you every step of the way on your life's journey. The Thad, Paul, and Bradley are some other men's styles making an appearance. Wondering if HEYDUDE can be cleaned? Check out our blog on How to Wash HEYDUDE shoes! HEYDUDE Wally Shoes for Men Made for women, men & kids, HEYDUDE shoes feature a comfy memory foam insole (that can be removed & replaced to extend the life of your shoes.) And their flex and fold technology means they not only work with your gait and feel refreshingly freeing on the foot, but they can also be folded up and tucked into your weekend bag. In 2008 Alessandro Rosano created these comfy shoes by taking apart classic shoe styles and replacing heavy, stiff metal elements with the. When shoes are this comfortable, lightweight, stylish, and affordable, they must be HEYDUDE. HEYDUDE is setting a new standard for how you treat your feet, and you'll find yourself wanting to live every day in your HEYDUDE shoes.
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