Do you own a pair of Crocs? Or maybe several pairs? Well, then you're helping fuel the brand's recent sales boom. According to the New York Times, Crocs saw a massive increase in sales during the early days of the pandemic, and the trend isn't slowing down. Since 2019, sales are up a whopping 200 percent. And it's not just everyday people rocking the footwear. Celebs haven't been shy about getting in on the trend. Nick Cannon sported a pair at a 2021 award show, while Quest Love stepped onto this year's Oscar Red Carpet in a pair of black Crocs.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
Imagine a world with just a handful of mediocre beer options. Terrible, right? That was the U.S. before the explosion of craft breweries, the Samuel Adams founder says.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
Resale platforms do big business – and Mercari just became the first in the U.S. to eliminate all fees for sellers and completely changed how returns work on its platform.
