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Photo by David Cabrera In 2008, Crocs had a big problem. The Colorado-based footwear brand was only six years old and experiencing a huge dip in sales. In 2003 the company did $1.2 million in sales, which catapulted to $850 million in 2007. But after years of exponential growth, sales dropped in 2008 by 15 percent to $722 million, and the company posted a $185 million loss.  A mix of things contributed to the downturn. Crocs had a team of executives with no experience in footwear or fashion—its then-CEO Ron Snyder was a former exec at Flextronics, an electronic contract manufacturing firm....

Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Another condo tower may join Toronto's growing skyline — this time replacing a beloved bar in the Entertainment District. Crocodile Rock, a multi-level bar with a rooftop patio at 240 Adelaide Street West, became one of the many Toronto bars and restaurants to close in 2020. Crocodile Rock was a popular bar in the Entertainment District. Affectionately known as Croc Rock, it was known to have line-ups in the summer but remained closed throughout the pandemic as it couldn't seamless...

In this Article Collecting, loving, buying and even wearing sneakers is different now than it’s ever been before. At the end of 2019, we noted that everyone wanted to be a sneakerhead in our annual end-of-year list. In 2020, that hasn’t really changed — but so much else has. Although sneaker collecting has long been trending towards a digital pastime with online raffles, Instagram flexes and resell sites like StockX and GOAT taking the place of campouts, meet-ups and conventions, this year forced the “game” even further in that direction owing to sweeping changes necessitated by the...

In the early days of the coronavirus pandemic, media images of health care workers caring for COVID-19 patients provided some of the first glimpses into the devastating impacts of the global crisis. Executives at Crocs not only saw those stressed, overwhelmed frontline workers, but also started getting requests from them for shoes to keep them going during the long hours. The company realized it had an opportunity to offer a little kindness and comfort to a group of loyal customers at a particularly challenging time. Crocs came up with an ambitious idea: to give away 10,000 pairs of shoes ev...