Business
Crocs became a pandemic staple, but CEO Andrew Rees optimistic its new fans will stick around – CNBC
Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort.
Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort during their more casual pandemic lifestyle.
The popularity helped push Crocs to stunning sales gains in its latest quarter, but investors, fearing the best was behind it, sold off the stock on Tuesday. Shares closed down 3.8% at $80.01 on Tuesday, but the stock has more than doubled over the past year.
“The pandemic has allowed us to reach new customers, but I think consumers…
