Latest news with #Crocs
Business Recorder
an hour ago
- Business
- Business Recorder
Indian court allows Crocs to pursue infringement challenges
NEW DELHI: An Indian court has revived nine-year-old lawsuits filed by Crocs Inc which accused several Indian companies of launching footwear identical to its popular rubber clogs, allowing the U.S. firm to press ahead with its infringement challenges. The court's announcement late on Tuesday comes just as another international brand, Prada, is facing heat in India for showcasing sandals during a Milan fashion show which were similar to Indian ethnic footwear, sparking a nationwide furore. Prada later acknowledged they were inspired by Indian designs. Crocs had sued six companies including Switzerland-based Bata's India unit as well as local players Relaxo and Liberty for allegedly copying the shape of its footwear but an Indian court had said in 2019 that the case could not be taken up citing technical grounds. Crocs however filed an appeal in which the high court on Tuesday gave it permission to pursue the case saying 'the dismissal of Crocs' suits cannot sustain in law.' X, India spar over lawyer's 'Tom, Dick, and Harry' remark for government officials In the original court challenge, Crocs said the rivals should be restrained from selling the footwear which it called an obvious imitation of its rubber clogs. Liberty, one of the companies sued by Crocs, argued that Crocs was not the originator of the designs and it too had merely copied the clog shape of footwear in use by others much prior. Launched in Colorado in 2002, Crocs' quirky, bright and comfortable resin shoes quickly attracted a cult following. Over the years, they have become popular in India, where they are sold across several footwear stores. India's footwear market is set to be worth $33.86 billion this year, according to market research firm Statista, and 97% of the market is dominated by non-luxury footwear.
Yahoo
3 hours ago
- Business
- Yahoo
Goldman cautious on mid cap athleisure, starts Crocs, Deckers at Sell
-- Goldman Sachs began coverage of mid‑cap U.S. athleisure names with a cautious stance, arguing that stiffer competition and fickle consumer demand will separate winners from laggards in the crowded footwear and sportswear arena. The brokerage started Deckers Outdoor (NYSE:DECK) and Crocs (NASDAQ:CROX) with Sell ratings, setting price targets of $90 and $88, implying about 15% and 18% downside, respectively. It initiated Under Armour (NYSE:UA) at Neutral with a $7 target, roughly in line with the current share price. Analysts said the athletic market still benefits from health‑and‑wellness trends and shorter product replacement cycles, but recent shifts in sneaker styles and heavier promotional activity have made it harder for brands to hold pricing power. Nike's slowdown, they added, is reshuffling shelf space and market‑share opportunities for rivals. Deckers, owner of Hoka running shoes and Ugg boots, has 'strong brands and room to expand overseas,' Goldman wrote, but faces 'accelerating competition, particularly in running,' just as signs of cooling momentum emerge. For Crocs, Goldman likes the company's marketing flair and product pipeline yet sees 'normalizing demand' for its classic clog and continued growing pains at the Heydude label limiting sales and margins. The brokerage is more balanced on Under Armour, praising a strategic overhaul that prioritizes product discipline and channel mix. Still, it sees 'limited visibility' on when North American sales will re‑accelerate, a hurdle that could keep the stock range‑bound until the brand shows clearer progress. Goldman uses a framework that weighs brand strength, margin trajectory and sales channels to rank stock opportunities. In the near term, the firm expects rising competition and shifting shopper preferences to create 'bifurcated single‑stock outcomes' rather than a broad sector rally. Related articles Goldman cautious on mid cap athleisure, starts Crocs, Deckers at Sell Amazon stock target raised at Truist on expected beat and raise quarter Trump strikes trade deal with Vietnam, imposes 20% tariff Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
Indian court allows Crocs to pursue infringement challenges
By Arpan Chaturvedi NEW DELHI (Reuters) -An Indian court has revived nine-year-old lawsuits filed by Crocs Inc which accused several Indian companies of launching footwear identical to its popular rubber clogs, allowing the U.S. firm to press ahead with its infringement challenges. The court's announcement late on Tuesday comes just as another international brand, Prada, is facing heat in India for showcasing sandals during a Milan fashion show which were similar to Indian ethnic footwear, sparking a nationwide furore. Prada later acknowledged they were inspired by Indian designs. Crocs had sued six companies including Switzerland-based Bata's India unit as well as local players Relaxo and Liberty for allegedly copying the shape of its footwear but an Indian court had said in 2019 that the case could not be taken up citing technical grounds. Crocs however filed an appeal in which the high court on Tuesday gave it permission to pursue the case saying "the dismissal of Crocs' suits cannot sustain in law." In the original court challenge, Crocs said the rivals should be restrained from selling the footwear which it called an obvious imitation of its rubber clogs. Liberty, one of the companies sued by Crocs, argued that Crocs was not the originator of the designs and it too had merely copied the clog shape of footwear in use by others much prior. Launched in Colorado in 2002, Crocs' quirky, bright and comfortable resin shoes quickly attracted a cult following. Over the years, they have become popular in India, where they are sold across several footwear stores. India's footwear market is set to be worth $33.86 billion this year, according to market research firm Statista, and 97% of the market is dominated by non-luxury footwear.
Scottish Sun
9 hours ago
- Entertainment
- Scottish Sun
Nan shows off her payday fake designer clobber haul from Turkey – but trolls say they'd ‘put them straight in the bin'
Plus, can you be prosecuted against if you buy counterfeit products in Turkey? RUBBISH HAUL Nan shows off her payday fake designer clobber haul from Turkey – but trolls say they'd 'put them straight in the bin' TURKEY has become one of the biggest destinations for those looking to snap up designer fakes on the cheap. The popular holiday destination has long been regarded as the 'capital of fakes' among Brits looking to rock designer styles for the price of a coffee. 2 One nan decided to go wild after getting paid whilst in Turkey Credit: tiktok/@littlelisa_48 2 The gran napped up a mega haul of fake designer gear, including replicas of Nike and Hugo Boss Credit: tiktok/@littlelisa_48 A quick four hour flight could land you in a bustling market flogging 'Gucci belts' for £3 and Louis 'Fuitton' handbags for £20. So it comes as no surprise one gran, only known as Lisa, went totally wild after she got paid during her holiday in Turkey. The nan, who works for the NHS, snapped up a mega haul of fake designer gear, including replicas of Nike and Hugo Boss. To treat herself without forking out a fortune, Lisa purchased trendy Nike trainers in black, as well as several purses. One of these - a replica of Louis Vuitton - cost her just a tenner, while a similar version online will set you back close to £1,500. Although Lisa already boasts a huge collection of bags, the bargain deal was too good to sleep on, she chuckled in the video. The monster haul, posted under the username @littlelisa_48, also had plenty of prezzies for the smallest ones in the family, such as Crocs knock-offs, a stylish Hugo Boss set for her grandson and Adidas football jersey. Another gift her eldest grandson will be treated to is the viral and sought-after Palm Angels T-shirt in white - which on average retails for around £100. With the grandson's birthday to look forward to, it seems the nan went all out - as she also purchased fake Louis Vuitton trainers with faux leather detailing and the iconic logo. In the clip, Lisa revealed that she also couldn't resist the same trainers but in a baby version. My favourite outfit has been labelled 'frumpy & ageing' by cruel fashionistas, but screw them… I'll be buried wearing it ''Baby LV, so cute I had to get them.'' The epic haul was indeed a successful one, as the Brit nan went to show off her brand new ''designer'' bags and wallets - more than a dozen in total. ''When you get paided [paid] while in Turkey,'' Lisa wrote in the seemingly never-ending video. Is it Illegal to Buy 'Designer' Dupes in Turkey? In Turkey, buying counterfeit goods is generally considered illegal. If you buy a counterfeit product for personal use, you're unlikely to be prosecuted against - unless your purchase involves a significant quantity or the intent to resell. Customs authorities have the power to stop and seize counterfeit goods entering or leaving Turkey. That means they can stop you upon your return home and seize any designer dupes you've bought on holiday. 'Where did you buy these? So I can avoid' Although the clip was posted just a day ago, it's already taken the internet by storm - but for all the wrong reasons. As close to 250k people viewed the video, almost 2,000 gave it a like and 160 flooded to comments to share their brutal verdict on the cut-price items. One wasn't impressed by the quality and joked: ''The crocs look like those real or cake videos.'' Another chimed in: ''Where did you buy these? So I can avoid.'' ''Grandson finna be looking fly in this new gear,'' someone else chuckled. ''If my nan bought me any of this it's getting dashed straight in the bin,'' a fourth added, as Lisa had the perfect response. ''Just shows how ungrateful you are,'' she hit back.
Daily Record
11 hours ago
- Lifestyle
- Daily Record
Shoppers ditch trainers for 'like walking on air' £36 Crocs sandals
The sandals are currently on sale at Amazon ahead of the retailer's annual Prime Day sale Shoppers are casting aside their usual footwear in favour of what's been dubbed the "most comfortable" Crocs sandals. Available on Amazon with a reduced price tag ahead of Prime Day 2025, they're down from £54.99. The Crocs Women's Brooklyn Low Wedge Clog comes in an array of colours, and prices start at just £36.79 – however, they can vary depending on size choice. With options like sandstone, latte mushroom, khaki bone, and metallic champagne to choose from, the costs also changes for different hues. The sandals are described as the "go-to comfort shoe that you're sure to fall deeper in love with day after day." The Amazon website encourages shoppers to avoid leaving Crocs in the heat or sun as it can cause the shoes to "shrink or warp." Alternatively, several other retailers offer a variety of sandal styles. New Look carries the Wide Fit Gold Faux Leather Crossover Strap Platform Sandals for £35.99, while Next offers the Friends Like These Black Wide Fit Minimal Block Low Heel Sandals for £24. Meanwhile, River Island stocks the Beige Buckle Platform Wedge Sandals for £40. The Crocs sandals have an overall rating of 4.5 stars online, having racked up more than 14,000 reviews from shoppers. Among them, one person said: "Like walking on air. These are the most comfortable sandals I have. "I even worked a 12 hour exhibition in them and I was the only one not complaining about my feet at the end of the day. I'm a size 7 but had an 8 had to send the 7 back as they looked small on me." Another delighted customer wrote: "Don't normally write a review but just have to say these sandals are so comfortable! Feels like you're floating on air! "So trendy as well. Fit perfectly, quality is second to none and durability is great, will last forever if you look after them! Great value for money, so light and great arch support, will definitely be my go to sandals." Despite the praises, a few customers expressed their dissatisfaction. One person stated: "I use it only for a day my foot was bleeding the sandals caused me blisters and they were uncomfortable." And another voiced their disappointment: "Bought my usual UK size 7 and they felt comfortable when trying them on and walking around the house, but after taking them a walk outside they eventually started rubbing horribly at the upper strap and around my pinky toes, and gave me painful blisters. I was limping home." However, other shoppers continued to praise the Crocs sandals. Another shopper added: "Really comfy and lightweight. These Crocs wedges are way comfier than I expected! Super lightweight, and the cushioned sole makes them easy to wear all day. The design is simple but stylish enough to dress up or down." Yet another customer said: "I ended up wearing these everyday of my 2 week trip to Italy as they were more comfortable than the trainers I had planned to wear. I was reluctant to get them as I really dislike traditional Crocs, but they're honestly my new favourite shoe." They continued: "Great travel shoe as they are waterproof so I was able to wear them to the beach, pool and even in the rain. The croc material is quite strong so even after excessive use, I haven't noticed the sole wearing down at all which is pretty impressive. I'd highly recommend!"
