Crocs’ Senior Vice President and Chief People Officer, Shannon Sisler, was honored by the Denver Business Journal in their annual C-Suite awards, which recognize outstanding C-level executives for their invaluable contributions to the Denver region.
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Crocs’ Q2 Blows Past Wall Street’s Targets
Powered by resiliency in the U.S. region and skyrocketing e-commerce gains, Crocs Inc. became one of the rare industry players to deliver strong earnings gains in the pandemic-sidetracked second quarter. Sales declined only slightly. Lean inventories, however, will limit second-half growth.
Crocs’ Q2 Profits Climb On Strong Expense Cuts
Crocs Inc.’s sales slid 7.6 percent in the third quarter as a 67.7 percent jump in online sales was unable to offer declines at wholesale and physical retail. Profits improved sharply due to higher gross margins and expense controls.
Crocs Disputes Outbreaks At Dayton Distribution Center
Crocs released a statement to clarify inferences drawn from public comments made last Thursday during Ohio Governor Mike DeWine’s about a viral “outbreak” taking place at its Dayton distribution center.
Crocs Celebrates Opening Of New Global Headquarters
Crocs Inc. announced the opening of their new corporate headquarters in Broomfield, CO, less than 20 miles outside of downtown Denver. In addition to the nearly 375 current positions, the approximately 90,000 square foot state-of-the-art facility will allow the company to significantly expand its ability to hire more full-time jobs.
Crocs To Open Second Distribution Center In Ohio
Crocs is planning to build a second distribution center in Dayton, OH, next to its warehouse opened last year near the Dayton International Airport.
Crocs Announces New European Distribution Center
Crocs announced that construction has begun on its largest distribution center in Europe to be located in Dordrecht, the Netherlands.
Crocs Salvages Q1 But Increasingly Fierce Headwinds Loom
A strong start to Q1 helped Crocs Inc. withstand the severe financial hit that came in March as the coronavirus sparked rampant store closures and declining consumer spending. But global economic softness and the slow reopening of businesses in many markets where Crocs operates will provide significantly fiercer headwinds for the company.
Crocs’ Americas’ Segment Sees Double-Digit Q1 Revenue Growth
Crocs Inc.’s first-quarter earnings slumped on a 5 percent revenue decline as it faced pressure from store closures in March due to COVID-19. Highlights in the quarter, however, included Americas’ revenues increasing 14.4 percent and e-commerce revenues rising 15.8 percent. A steeper decline in sales was forecast for the second quarter.
Crocs Amends Credit Facility, Suspends Share Buybacks
Crocs amended its revolving credit facility and suspended share repurchases to preserve maximum liquidity and flexibility amid the COVID-19 pandemic. The company also said its retail stores in North America will remain closed until further notice.
Crocs Announces ‘Free Pair For Healthcare’ Program
Crocs Inc. announced the launch of a new program for those on the front lines of the battle against the coronavirus: “A Free Pair for Healthcare.”
Crocs Temporarily Closes North American Retail Stores
Crocs Inc. on Monday evening announced that in response to the escalating global coronavirus pandemic, it will temporarily close all of its company-operated retail stores in North America, effective March 17 through March 27.
Crocs’ Revenue Growth Accelerates In Q4
In a further sign that it’s extensive restructuring efforts are paying off, Crocs Inc. reported a profit against a loss in the fourth quarter as sales climbed 21.8 percent. Crocs, however, joined other firms in warning of a near-term hit to revenues due to the coronavirus outbreak.
Crocs’ Q4 Revenues Jump 22 Percent
Crocs, Inc. reported earnings in the fourth quarter that topped Wall Street’s targets as sales expanded 21.8 percent to cap off a strong year. Crocs officials, however, warned that sales in the first quarter would be hurt by $20 million to $30 million due to disruptions in Asia from the coronavirus.
Crocs To Elevate Digital Presence In 2020
On the heels of the highest revenue-grossing year in its history, Crocs Inc. has even bigger plans for 2020 and beyond with digital investment as one of its key long-term growth drivers. During a Tuesday presentation at the ICR Conference in Orlando, FL, CEO Andrew Rees outlined how the company plans to surpass 2019’s achievements.
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