Connect with us

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.

Published

on

Article feature image
ADVERTISEMENT

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…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Westlake Police: Suspected impaired driver crashes into Taco Bell sign, upends vehicle – WJW FOX 8 News Cleveland
Article feature image
Texas utility manager rejects calls to fix $16B in overcharges | TheHill – The Hill
Article feature image
Ten years ago, 241 Texas power plants couldn’t take the cold. Dozens of them failed again this year. – The Washington Post