Crocs 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.
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