Crocs CEO Andrew Rees says the pandemic move to his casual footwear was not a passing fad but rather part of a long-term trend.
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00:00 CEO of Crocs says business is booming because people don't want to dress smartly anymore.
00:04 In an interview with CNN, Crocs CEO Andrew Rees said a casualization of America is doing great things for his bottom line.
00:11 Crocs revealed a quarter to revenue of $1 billion this year up 12% compared to 2022.
00:16 The brand used to be known as the convenient but ugly duckling, but is now getting endorsements from celebrities,
00:21 and Vogue has even attempted to show others how to wear the shoes.
00:24 People are also dressing way more laid back across the board compared to pre-pandemic dress codes.
00:29 According to a 2023 study conducted for Madzuna, the percentage of job postings that mention casual dress code has risen to almost 80%.
00:36 And this year Crocs will be a little bit shy of $3 billion in annual sales.