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Continued demand for casual footwear led Crocs to a record 2022.The shoemaker announced in a Thursday Feb. 16 press release that it recorded $3.6 billion in revenue from its flagship brand and its Hey Dude line, with the company growing nearly 54% year over year. We anticipate another record year in 2023 with growth expected to be led by sandals and international for the Crocs Brand and increased U.S. market penetration for Hey Dud
stanley mug e, Andrew Rees, the companys CE
stanley cup O, said in a news release.Sandals will be important for the company this year, Rees added during an earnings presentation, thanks to crucial markets like India and Southeast Asia letting them tap into a $30 billion footwear category.The companys earnings presentation said its sandal consideration is on par with that of clogs, with sandal revenues in the neighborhood of $310 million in 2022.Last year also marked Crocs first full year of ownership for Hey Dude, which brou
stanley italy ght in revenues of $986 million. The company projects the brands revenues will grow 20% this year, in keeping with earlier predictions that Hey Dude would surpass $1 billion in 2023.Much of the companys planned capital expenditures for this year 鈥?$165 million to $180 million 鈥?will center around Hey Dude. Crocs is opening a new distribution center for the brand in Las Vegas and implementing new technology systems.The 54% growth figure 鈥?53.7% to be precise 鈥?was slightly higher than the 53% figure Crocs projected last month, which was itself above Obmt Balance Unveils Suite of Products Covering B2B Transaction Lifecycle
Walmart, it seems, has found itself drawn into a legal struggle between its recent acquisition Flipkart and GOQii 鈥?an Indian maker of smartwatchesque health devices 鈥?over pricing.GOQii alleges in its suit against Flipkart f
stanley mugs iled last month that Flipkart has been selling their wearable devices at 70 percent discount from the retail price, much more than the two sides had agreed to. Flipkart, for its part, has denied any wrongdoing, noting that the discounts were put into place by third-party sellers on their marketplace.聽聽The case will next be heard on Friday.The spat has exposed a long-running dispute within in the Indian commerce landscape 鈥?and concerns that firms Flipkart and Amazon use their power to loss-lead to lure consumers to their sites in the hopes they will buy other items while they are shopping there. It will set a precedent if the final decision goes against Flip
stanley usa kart for predatory pricing, said Salman Waris, a partner at TechLeg
stanley kubek is Advocates Solicitors. Small traders associations and other startups may take other marketplaces adopting deep discounting strategy to court. And GOQii looks like it will soon have partners in litigation. The All-India Online Vendors Association said in a statement released to Reuters that it plans to file a plea to join GOQiis case against Flipkart.聽 It note it is doing this on behalf of the over 3,500 merchants on its marketplace.Flipkart, for its part, noted it takes legal compliance seriously and was compliant with Indian
