Who’s laughing now? It turns out sales of crocs—the notoriously ugly-but-useful clogs—are booming during the coronavirus pandemic. Great for wearing at home, in the garden, or at essential jobs, the footwear brand Crocs (CROX) is seeing a rise in sales as Americans shelter-in-place.
In fact, Crocs was the only top footwear brand to have rising sales in both March and April, and the clog-maker posted a 14% sales increase from March 2019, according to The Wall Street Journal.
Across numerous earnings reports, clothing and accessories were among the lowest performing divisions as the coronavirus pandemic forced the majority of the world to stay at home.
What's more, Google searches for Crocs touched a 15-year high in April and the shoes are on Amazon's bestseller lists.
Other shoe brands, like Nike and Footlocker, have taken big hits during the pandemic. Sheepskin-boot-maker Ugg saw sales rise in April.
On Tuesday, analysts with BMO told clients to buy the stock.
Watch More of the Latest Videos from TheStreet and Jim Cramer
- What to Watch in the Markets After Memorial Day Weekend
- Bill Gates Reveals His Five Favorite Books for Summer 2020
- Amazon Prime Day Gets Pushed Back to September: Report
- Jim Cramer: 'Sell in May and Go Away' Has Finally Been 'Stamped Out'
- Jim Cramer: Advice for Investors Learning About the Stock Market
- C-Suite: Surgical Solutions CEO on Surgeries Post-Pandemic
- C-Suite: Covanta CEO: NYC Residential Waste Is Down
- C-Suite: Blue Apron CEO: Using Stay-at-Home Tailwind to Grow Post-Virus
- Ask Bob: I Was Furloughed. Under the CARES Act, Do I Still Need to Pay My 401(k) Loans?