The Top Men’s Shoes From the Met Gala

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Today we're looking at some of our favorite men's shoes from the Met Gala. Plus, Crocs Inc. reports results for Q1 and names a new CFO and corporate bankruptcies surged in April.

Here's what you need to know.

The Top Men’s Shoes From Met Gala 2024

Christian Louboutin, Maison Margiela and Thom Browne were the designers on the tips of everyone’s tongues at the 2024 Met Gala, especially when it came to delivering statement-making footwear that was perfect for this year’s dress code, a “Garden of Time.”

While these labels are certainly now standard red-carpet staples in women’s fashion, many of Hollywood’s leading men and fashion plates donned the designers – often head to toe – as they walked the Metropolitan Museum of Art’s steps to celebrate this year’s Costume Institute exhibition “Sleeping Beauties: Reawakening Fashion.”

2024’s Met Gala saw more male attendees take footwear risks than ever before. Some opting for animal-like shoes, to more floral adorned options. Even some platform boots, sharply pointed toe silhouettes and a sneaker, or two, were seen on the feet of some of today’s top stars.

Read more for our round-up some of the top men’s shoes of the 2024 Met Gala, including Bad Bunny’s Louboutin Tabi boots and Alton Mason’s Thom Browne platforms.

Crocs Posts Weak Guidance for Hey Dude, Names New CFO

Shares of Crocs Inc. dropped on Tuesday morning after the shoe company cut its 2024 sales outlook for the Hey Dude brand.

The strong performance was driven by the Crocs brand, where revenues increased 14.6 percent to $744 million in the quarter. However, the Hey Dude brand continued to lag in Q1, with revenues down 17.2 percent to $195 million.

Given the slowdown in Hey Dude, Crocs Inc. now expects Hey Dude revenues to decline between 10 and 8 percent for the full year, down from its prior outlook of between flat and slightly up for the year.

Game plan: To help ignite Hey Dude growth, Crocs brand president Anne Mehlman said that the company will open about 30 Hey Dude stores in 2024, six of which have already opened during the first quarter. This retail push is meant to help grow direct sales and build brand awareness.

Executive moves: Crocs tapped Susan Healy as its new chief financial officer. She replaces Anne Mehlman, who was elevated to the role of Crocs brand president after former president Michelle Poole retired last week.

Consumer Companies — Including Shoes for Crews — Lead April Corporate Bankruptcy Surge

Corporate?bankruptcies in April hit their highest level in a year. And companies in the consumer discretionary category led the way in terms of filings.

Bankruptcies in the consumer discretionary sector — which includes footwear and apparel — came in at eight for the month. Since the start of the year, there have been 28 total consumer discretionary bankruptcy filings, making it the sector with the most bankruptcies year-to-date.

Notably, apparel retailer Express filed for bankruptcy on April 22 and has started the process to close 106 stores. The company was one of three with more than $1 billion in liabilities that filed for bankruptcy in April. When it comes to footwear-specific companies, the U.S. based entities of slip-resistant footwear company Shoes for Crews (or Never Slip Holdings, Inc.) filed voluntary petitions for bankruptcy in April in an effort to undergo a sale of its business.

Need more shoe news?

• Gap Names Diversity Advocate and Former Nike Exec Fabiola Torres Global CMO
• Simon Property Group Sells Off Stake in Authentic Brands for $1.2 Billion
• Here’s Every Air Jordan Sneaker Releasing in May
• Canadian Regulators Open ‘Greenwashing’ Inquiry Into Lululemon

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