Page 33 - Andrew Rees News Today

Stores closed at the beginning of the pandemic reopened with customers ready to pounce on new clothes, shoes and wardrobes. Since then, there's been a huge mismatch between demand and supply.

Major brands like Nike, Adidas, Ralph Lauren and other top shoe and clothing labels are all cutting back on the number of outside retailers that carry their goods, and concentrating their efforts on getting customers to buy directly from their own channels as well as a narrow group of wholesale partners.

Stores closed at the beginning of the pandemic reopened with customers ready to pounce on new clothes, shoes and wardrobes. Since then, there's been a huge mismatch between demand and supply.

Inside the Industry

Rate my portfolio: a 27-year-old reader needs an expert review of his investments

Shares of Crocs fell 11.6 percent last Thursday after the company announced plans to acquire casual shoemaker Hey Dude for a whopping $2.5 billion. On an analyst call, Crocs’ CEO Andrew Rees identified eight strategic advantages to the acquisition while analysts generally found more potential benefits than risks.

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

One analyst, Zachary Warring at CFRA research, has described it as a large deal for Crocs and suggested it may make investors nervous –...

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

One analyst, Zachary Warring at CFRA research, has described it as a large deal for Crocs and suggested it may make investors nervous –...