Retail Details, Volume 174

Research evidence excerpt

Retail Details, Volume 174

June 7, 2026 Retail Details, Volume 174

Crocs Debuts New Collabs, Data Shows Momentum in Flip-Flops and

Other Fashion Styles, CAL Q1 Read-Throughs, Consumer Reads from DG Janine Stichter

(212) 738-6052 jstichter@btig.comCONSUMER WHAT YOU SHOULD KNOW: Ethan Saghi

■ Retail Details is our weekend “light reading” update note covering industry reads (212) 588-6595 esaghi@btig.com

with implications for our coverage, tidbits across our covered companies, and

developments across the private company ecosystem. In this week's note, weRETAIL highlight: (1) Crocs (a div. of CROX, Neutral) debuts new collabs, (2) Edited (Private)

data shows momentum in fashion styles, (3) read-throughs from Caleres (CAL, Not

Rated) earnings, and (4) reads from Dollar General (DG, Not Rated).AND

■ Crocs Debuts New Collabs. The brand partnered with Oracle (ORCL, Not Rated)

Red Bull Racing on a new pair of clogs inspired by the team's Formula 1 car and

with Nintendo (7974-TKS, Not Rated) on a five-shoe "Super Mario" collection set to

release in July. OUR TAKE: We note that collabs have been successful for Crocs (most

recently including LoveShackFancy, LEGO, both Private), especially as the brandLIFESTYLE looks to drive interest around the Classic Clog. Additionally, they have helped revive

DTC, with North America sales in the channel inflecting positively in Q1 (up ~5% in

CC) following four straight quarters of YoY declines. However, in our conversations

with management at FFANY last week, they noted plans to be somewhat more

strategic and selective with collabs going forward, while also leveraging collabs forBRANDS silhouettes beyond the Classic as they look to grow other areas of the business.

■ Data Shows Momentum in Flip-Flops, Other Fashion Styles. According to the