Thursday, March 2, 2017

Crocs to Close Stores, Names New CEO Amid Sales Rout

Image result for crocs storeCrocs Inc. plans to close roughly 29% of its stores in the next two years and named a new chief executive to lead the company as it looks to reinvigorate its business.

Crocs is shuttering 160 retail stores by the end of 2018, reducing its total store count to about 400 from the 558 stores it had open at the end of 2016. The company has struggled with sales recently; during the fourth quarter, sales fell 10%.. . . more

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