What comes to your mind when someone brings up the shoe brand Crocs? Comfortable, casual shoes? A fashion travesty? A style endorsed by a favorite celebrity?
Almost certainly, you're familiar with the name and the look of the brightly colored foam clog made by the Colorado company.
"We believe that [recognition] really enables us to create more meaningful consumer communications," Crocs Inc. Chief Marketing Officer Heidi Cooley told our sister paper Advertising Age. "In countries all over the world, you can show [consumers] our iconic shoe and the consumer says, 'Those are Crocs.'"
Sales for the Crocs brand hit a record $732.2 million for the quarter that ended in June, up 14.3 percent vs. the same period in 2021.
But even with those numbers, Crocs corporate officials are being conservative, saying that it now expects total annual sales to rise up to 17 percent for 2022, rather than the earlier forecast of 20 percent, due to inflation and "weakening consumer sentiment in the U.S."
Crocs will still get some cash for marketing, of course, with an emphasis on social media as well as in virtual versions via the video game Minecraft and the digital NFT art platform.