It's time to see what happens now that Heydude has been integrated into Crocs' distribution system.
Wall Street is highly pessimistic about the footwear industry today. Most of the biggest players you'd associate with the niche, including Nike (NYSE: NKE), are underperforming the market by a wide margin. Foot Locker (NYSE: FL) has lost over 52% of its value this year, too, as investors worry about its shrinking sales and declining profit margin.
Crocs (CROX) closed at $87.94 in the latest trading session, marking a -1.94% move from the prior day.