slo capital

slo capital

Crocs

The shoe train that keeps on printing cash

Justin's avatar
Justin
Sep 23, 2025
∙ Paid

There are businesses that need to stay fashionable to survive, and there are businesses that quietly compound because they’ve found a way to turn fashion into a cash machine. Crocs lives in the second camp. It is not a factory story or a patent fortress. It’s a brand with a peculiar silhouette, a plastic chemistry (Croslite™), and a habit loop that now …

User's avatar

Continue reading this post for free, courtesy of Justin.

Or purchase a paid subscription.
© 2026 Justin Sherfield · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture