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Remarkable Retail

Stepping Out in Style with Crocs President Michelle Poole (E)

Nov 21, 2023
Michelle Poole, President of Crocs, discusses the remarkable growth story of the iconic footwear company, addressing the polarizing nature of the brand and how it has been turned to their advantage. They delve into the power of personalization with jibbitz, product extensions, and geographic expansion. The podcast also explores Crocs' diverse, digitally-driven go-to-market strategy aiming to reach $5 billion in sales by 2026. Finally, they discuss the balance between purpose and profits.
28:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Crocs has turned the polarizing nature of their brand into an advantage through collaborations and finding a passionate core customer.
  • Crocs aims to achieve or exceed $5 billion in sales by 2026 through geographic expansion, balanced channel growth, and diversification of product pillars.

Deep dives

Crocs' Polarizing Nature Turns into an Advantage

Crocs president, Michelle Poole, discusses the polarizing nature of the brand and how they have turned it into an advantage through collaborations and finding a passionate core customer. Despite being underestimated, Crocs has continued to deliver strong financial and strategic performance, with sales up 15% in 2023 and improved gross margins. The brand's stock has also performed exceptionally well, outpacing other retailers with a 20% increase since the episode aired.

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