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Crocs just got a whole lot weirder by going western
  + stars: | 2023-10-05 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: 1 min
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Birkenstock walks tightrope with $11 bln price tag
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +2 min
A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch Acquire Licensing RightsLONDON, Oct 2 (Reuters Breakingviews) - Birkenstock is taking a bold step forward. Fresh from publicity from the Barbie movie, the German sandals maker is targeting a valuation of up to $11 billion, including debt, in its New York stock listing next week. Hoping to build confidence among investors, owner L Catterton has secured the backing of anchor investors including Bernard Arnault’s investing vehicle Financière Agache and Norway’s wealth fund. At $44 to $49 per stock, the offer values the group’s equity between $8.3 billion and $9.2 billion.
Persons: Fabrizio Bensch, L Catterton, Bernard Arnault’s, Martens, Pamela Barbaglia, Lisa Jucca, Oliver Taslic 私, Organizations: REUTERS, Reuters, Nike, 「 Reuters Locations: Berlin, Germany, New York
London CNN —London Fashion Week kicked off on Friday in the glow of a sweltering UK heatwave, and concluded on Tuesday after biblical showers and thunderstorms. More famous faces piled into the London fashion scene over the course of the week. Dave Benett/Courtesy BurberryHowever, some controversial collections and marketing choices brought London Fashion Week outside of the industry bubble and into the wider cultural conversation. Henry Nicholls/AFP/Getty ImagesErdem's collection was partly inspired by the protected stately home, Chatsworth House, in the North of England. Henry Nicholls/AFP/Getty ImagesAshish returned to the London Fashion Week runway after 4 years with a show that was suitably high-octane and glamorous.
Persons: JW Anderson, Erdem, Simone Rocha, Findikoglu, Halpern, Nensi, S.S, Daley, Anna Wintour, Sienna Miller, Jodie Turner, Smith, Princess Eugenie, Kate Winslet, Cole Sprouse, Suki Waterhouse, Charli, Ncuti Gatwa, Alexa Chung, Mo Farah, , Damon Albarn, Rachel Weiss, Jodie Comer, Kylie Minogue, Burna Boy, Barry Keoghan, Dave Benett, Burberry —, Daniel Lee, , Mowalola, HARRI, Sam Smith, JW, Kwok, Joe Maher, Crocs, Sinéad O’Dwyer, Molly Goddard, Victor Virgile, Gareth Cattermole, David, David Cronenberg, David Lynch, 16Arlington, Isamaya Ffrench, Jeff Spicer, Richard Quinn, , Goddard, Matty Bovan —, Bovan, ” Richard Quinn, Matty Bovan, tulle, Susan Fang, David Koma, David Lee’s Burberry, Giovanni Giannoni, Di Petsa, beading, Susan Fang's, Henry Nicholls, Chet Lo's, Wiktor, Chet Lo, Shane Anthony Sinclair, Stuart Wilson, TOVE, Daniel Lee's, Shutterstock Burberry, Ashish, Poppy Delevingne, Anderson, KNWLS — Organizations: London CNN, London, Burberry, Vogue, JW, Highbury, Fashion, Brit, BFC, Getty, National Theatre, National, Publishing, London's Barbican Center, British Locations: couture, London, North London, Saudi, Hong, Kong, Erdem, AFP, Englishness, Chatsworth House, North, England, Noor
Crocodiles appeared to nudge a stray dog to safety when it took refuge in a river. Scientists are not sure why the crocs didn't just eat the dog, as they were within "striking range." Scientists studying the reptiles can't make sense of why the crocs didn't just eat the dog. The pup eventually took refuge in the river Savitri, where three adult mugger crocodiles were floating nearby. "These crocodiles were actually touching the dog with their snout" the researchers reported in the study adding that the crocodiles "seemingly nudged and escorted [the dog] to safety."
Persons: Utkarsha Organizations: Service Locations: Wall, Silicon
The crayon maker, a subsidiary of Hallmark Cards, on Tuesday announced the launch of Crayola Flowers, an online flower shop selling bright bouquets and boxed flowers. Crayola is getting into the flower business with the launch of Crayola Flowers, an online marketplace for fresh flowers. Crayola announced it has launched Crayola Flowers, a retail and fundraising platform. Crayola Flowers partnered with Mrs. Bloom's, an importer and distributor of fresh cut flowers. Schorr said Crayola Flowers’ launch was three years in the making.
Persons: Crayola, Bloom’s, ” Warren Schorr, , Schorr, Bloom's Organizations: New, New York CNN, Hallmark Cards, Tuesday, Crayola, Nonprofit, Footwear, CNN, American Heart Association, Autism, Brothers, Sisters, America, Humane Society, St, Research Locations: New York
The Eastbay deal gave Smith a bigger audience, leading to partnerships with companies including Coach, Heydude, Boost Mobile, and Hardee's. He mixes up his content with get-ready-with-me and workout videos, and posts about football, track, comedy — or his NIL deals. "People say they want NIL deals," Smith said, "but don't post on social media … Well, to get NIL deals, you have to post. "Don't let anybody tell you you can't get NIL deals at a smaller school," Smith said he tells other student-athletes. He said he's cofounding a new NIL marketplace that he plans to release this fall, hoping to specifically connect HBCU athletes with brand deals.
Persons: Rayquan Smith, Smith, He's, he's, That's, who's, hasn't, I'm Organizations: Norfolk State, Smart, Boost Mobile, Twitter, Eastern Athletic Conference, Virginia State University, Black Sports Locations: TikTok, Instagram
Shrek Crocs are officially real
  + stars: | 2023-09-17 | by ( Aj Willingham | ) edition.cnn.com   time to read: +2 min
CNN —In the distant future, archaeologists will happen upon a Shrek Croc, its soft vinyl unsullied by the ages, and they will have questions. Crocs, the brand behind everyone’s favorite unapologetically ugly shoe, has collaborated with DreamWorks to craft an extremely important cultural artifact: The Shrek Croc. Green, freckled, and just a little scary, the Shrek Croc (or Shroc, if you will) has long been a dream for some Croc lovers. There actually is a 2018 Change.org petition floating around to “Make Shrek Crocs Real.” The good people at Crocs know what’s up too: In the run-up to the shoe’s launch on September 13, the official Croc X account retweeted 20 identical messages from an account called “Shrek Crocs,” all reading “Make Shrek Crocs real.”“The wait is over for the most wonderfully hideous Classic Clogs,” the shoe’s description reads. There are Pop Tarts Crocs (Croc-Tarts), Lisa Frank Crocs, Barbie Crocs, Crocs with fanny packs and even scented Crocs Jibbitz — a combination of words commanding almost as much dark energy as “Shrek Crocs.”Most reactions to the Shrek Crocs fall into one of two categories: “I need them immediately,” or “If you wear these in public I will perform a citizen’s arrest.” If your thoughts lean toward the former, you may want to hurry.
Persons: Margaritaville, Crocs, Lisa Frank Crocs, Barbie Crocs, fanny Organizations: CNN, DreamWorks
Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.
Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S
The toothy reptiles were originally kept at a crocodile farm in Maoming, in the southern province of Guangdong. The outlet said it contacted local authorities who had warned residents not to venture out. A member of the emergency squad told Nanfeng Plus that they may have to euthanize the crocodiles rather than capture them. In China, crocodiles are prized for their skin and their meat is believed to have medicinal value in Traditional Chinese Medicine. Southern China and Hong Kong have been battered by downpours after typhoon Haikui ripped through the region last week.
Persons: Peng Cun Organizations: Hong Kong CNN — Authorities, Hai Bao News, Beijing, Nanfeng Locations: Hong Kong, Maoming, Guangdong, Shandong, China, Medicine, Southern China
Look closely among the droves of people in Lululemon leggings and Crocs next time you’re at the grocery store or the airport, and you might notice a curious sight: a woman dressed like a 1950s housewife. With her curled hair, full-skirted dress and high-heeled Mary-Jane shoes, she could be straight out of “I Love Lucy” or “Leave It to Beaver.” She might even be wearing an anachronistic frilly petticoat or apron. Wasn’t this a style that was left firmly in the past?
Persons: Mary, Jane, Lucy ” Locations: Beaver
Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.
Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail
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Persons: Dow Jones
CNN —Opposites are said to attract, but the poles between Hailey and Justin Bieber couldn’t be further apart — at least sartorially. Was Hailey off to a sophisticated dinner and drinks, while Justin had just nipped out for a packet of M&Ms and some laundry detergent? Hailey, on the other hand, has worked to market herself as a modern-day It Girl, a title which unsurprisingly demands a captivating wardrobe. Justin and Hailey’s clashing ensembles sparked a thorny discussion on the semiotics of dressing as a pair. Had Justin committed to a pair of slacks or a button-down, his partner could have had her moment with no distractions.
Persons: Hailey, Justin Bieber couldn’t, Alessandra Rich, Justin, Robert Kamau, ong, ustin, ike y ou’re, J Organizations: CNN, ust Locations: New York
Plant-based plastic, that is. However, the environmental benefits of plant-based plastics are increasingly appealing to companies promising to use more sustainable materials by the end of the decade. Plants absorb the atmosphere’s carbon dioxide, which cuts the greenhouse-gas emissions from making bioplastics to at least half that of fossil-fuel-based plastics. A Lululemon shirt containing plant-based nylon. Only plant-based plastics that are chemically identical to fossil-fuel–based versions can enter the existing and growing recycling infrastructure.
Persons: Bioplastics haven’t, Michael Carus, , ” Carus, Eastman, Chris Killian, bioplastics, Warby Parker, , Biden, Manav, olefins, Dow, bioethylene, LVMH Moët Hennessy Louis, Haley Lowry, Dieter Holger Organizations: Sustainable Business, Kodak, U.S . Defense Department, European, dieter.holger Locations: China, Japan, biomanufacturing, U.S, Iowa
Cramer's Lightning Round: Pass on Crocs
  + stars: | 2023-08-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Crocs' year-to-date stock performance. Stock Chart Icon Stock chart icon Zscaler's year-to-date stock performance. Stock Chart Icon Stock chart icon EPR Properties' year-to-date stock performance. Stock Chart Icon Stock chart icon General Dynamics' year-to-date stock performance. Stock Chart Icon Stock chart icon Becton, Dickinson and Co.'s year-to-date stock prerformance.
Persons: Crocs, I'm, Dickinson Organizations: Microsoft, Zscaler, Dynamics Locations: Becton
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Crocs but I worry about the 'fad' aspect, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Crocs, Zscaler, EPR Properties, Honeywell, General Dynamics and BDX.
Persons: Jim Cramer Organizations: Honeywell, General Dynamics
Heather Klein was in her cabin at Camp Nah-Jee-Wah, nursing her first iced tea of the morning, when a photograph arrived on her phone and she drew a deep, sudden breath. Ms. Klein, the mental-health coordinator for a network of sleep-away camps, has a morning routine: responding to queries from anxious parents, who have looked at the photographs posted online the night before. A teenage camper had switched from high-tops to Crocs to go to the beach, which allowed her counselor to see a row of cuts the girl had made with a razor. Ms. Klein pulled up the girl’s medical forms, which noted that she had been in therapy for anxiety and depression but made no mention of self-harm. “She’s going to have to go home.”
Persons: Heather Klein, Klein, “ She’s,
Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.
Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois
He's using a regular brokerage account and a solo 401(k) with pre- and after-tax advantages. Late last year, he decided he wanted to build a retirement portfolio worth $2 million that he could track and others could follow along. To date, he has $47,400 in a brokerage account and $72,774 in a retirement account, according to records viewed by Insider. This account has four sections: dividend stocks, technology stocks, risky stocks, and the S&P 500. These stocks account for 35% or about $17,000 in this account.
Persons: Austin Hankwitz, Hankwitz, Roth, I've, Crocs, doesn't Organizations: Lowe's Companies, Apple, Microsoft, Google, Palo Alto Networks, Costco, Vanguard Locations: Wall, Silicon, TikTok
TD Cowen upgrades Ross to outperform from market perform TD Cowen said consensus is "underestimating [a] margin recovery" for Ross. TD Cowen downgrades Columbia to market perform from outperform TD Cowen said demand looks muted for Columbia Sportswear . Bernstein downgrades Etsy to market perform from outperform Bernstein said it's concerned about slowing growth. Piper Sandler reiterates Crocs as overweight Piper Sandler said the shoe company is "underpinned by +DD [double digit] earnings growth and compelling valuation." Citi reiterates Apple as buy Citi said it's standing by its buy rating heading into Apple earnings after the bell.
Persons: TD Cowen, Ross, Cowen, Bernstein, Etsy, it's, Piper Sandler, Crocs, CROX, QCOM, Jefferies, Simon, Telsey, Roblox, Morgan Stanley, Robinhood, Janney, Coke Organizations: TD Cowen downgrades Columbia, Columbia, Buyers, Citi, Deutsche Bank, Qualcomm, Apple, Simon, Bank of America, UBS, Costco Locations: underperform, Wingstop, 1Q22
"We expect FSLR will continue to outperform as the company has locked-in double-digit annual earnings growth through decade end. TD Cowen reiterates Skechers as a top idea TD Cowen said it's standing by Skechers as a best idea after the company's earnings report Thursday. JPMorgan reiterates Roku as overweight JPMorgan raised its price target on the stock to $95 per share from $90 and says it's staying bullish on Roku after its earnings report Thursday. " Bank of America reiterates Deckers as buy Bank of America said it expects sales of Deckers ' HOKA brand to double by 2026. JPMorgan reiterates Eli Lilly as overweight JPMorgan said it's bullish on Eli Lilly heading into earnings Aug. 8 due to its diabetes and obesity treatment.
Persons: Wells, Wells Fargo, Morgan Stanley, Apple, it's, Jefferies, Wedbush, FSLR's, TD Cowen, Skechers, Bill, BILL, Roku, Stifel, JPMorgan, Eli Lilly, it's bullish, Ford Organizations: Energy, Apple, Deutsche Bank, Airlines, Volkswagen, VW, Citi, Mobile, " Bank of America, of America, Bill Holdings, Bank of America, JPMorgan, Community Bank, New York Community Bank, Ford Locations: Europe, Dallas, China, Xpeng, Roku, EBITDA, Blue
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrocs CEO Andrew Rees: Very confident in 'Hey Dude' brand but have wrinkles to work throughCrocs CEO Andrew Rees joins 'Power Lunch' to discuss the company's struggling 'Hey Dude' brand, Rees' thoughts on the shoe brand's inventory levels, and more.
Persons: Andrew Rees, Rees
That gave the pink-drenched film the largest opening weekend of 2023 so far and the biggest-ever debut for a female director. Timothy Richards, chief executive of Vue International, Europe’s largest privately owned movie theater operator, said in a statement Sunday that it had seen its biggest weekend in four years for ticket sales. AMC (AMC), the world’s largest movie theater chain, said last week that 60,000 people had bought tickets see both films on the same day. Cineworld, the world’s second-biggest movie theater chain and owner of Regal Cinemas, filed for bankruptcy in September after posting a total $3.3 billion loss over 2020 and 2021. So far, Cineworld has shuttered 51 of its Regal movie theaters in the US.
Persons: “ Barbie ”, “ Oppenheimer, kindling, “ Barbie, Barbie ”, , Timothy Richards, “ Vue, ’ ” Richards, Greta Gerwig’s, Burger, Crocs, Airbnb, Christopher Nolan, J, Robert Oppenheimer, Gabrielle Roitman, Kayla Seffing, Maddy Hiller, Casey Myer, Oppenheimer, Barbie, Chris Pizzello, “ Barbenheimer, , ” Daniel Loria, Michael O’Leary, Disney’s “ Indiana Jones, Organizations: London CNN, Warner Bros, Universal Studios, Warner Bros ., Vue International, Europe’s, , United, AMC, CNN, National Associations of Theater Owners, Hollywood, Regal Cinemas Locations: Brazil, California, American, United States, Los Angeles, Disney’s
Karma Masselli woke up Thursday morning knowing it was a special day. Masselli, 26, and her group of about 25 friends began the festivities by rummaging through their closets for sheer pants and polyester shirts and pink Crocs to assemble their outfits, each representing a different doll: Cowgirl Barbie, Sporty Barbie, Vintage Barbie, Malibu Barbie, Mermaid Barbie and more. Next was “Barbie brunch” at a friend’s apartment in Brooklyn, featuring an array of pink foods, including pink deviled eggs, pop tarts, pasta salad with beets and pink salsa. “It felt like it was the Super Bowl at our ‘Barbie brunch,’” Masselli said. “It felt like we were getting together and having a holiday about girliness.”
Persons: Karma Masselli, Barbie, Cowgirl, Malibu Barbie, Barbie brunch, ” Masselli, Organizations: rummaging Locations: Brooklyn
Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.
Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk
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