In 2021, Crocs, an American footwear company, operated a total of 373 retail stores, an increase of 33 stores from the end of 2020. Of the 373 retail stores in 2021, the Americas region had the most retail store with 173 stores, followed by 153 stores in the Asia Pacific, and 47 stores in EMEA.
In FY2021, the Americas region (which includes the United States, and Canada) had the most retail stores with 173 stores. It recorded a year-on-year increase of 4.8% in the number of stores. Followed by the Asia Pacific region with 153 retail stores, an increase of about 11.6% compared to 2020. While EMEA region had the lowest number of retail stores with 47 stores and had a decline of 4.08% as 2 stores were closed in EMEA region. Crocs is planning to invest approximately $75 million in air freight in 2022 to bolster its inventory positions for the first half of the year in all regions.
The company currently operates in the Americas, Asia Pacific, and Europe, Middle East, and Africa ("EMEA") regions. The company prioritizes five core markets within these regions, China, Japan, South Korea, the US, and Western Europe, where they see the most potential for growth. All regional segments and channels had an increase in revenues as compared to the year ended December 31, 2020. Revenues for the Americas segment increased by 86.1% (85.9%, on a constant currency basis), while the EMEA segment revenues grew 46.2% (41.7% on a constant currency basis), and Asia segment revenues grew 25.7% (21.5% on a constant currency basis).
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