Celebrity collaborations, growing brand recognition and nine store closures were all cited as reasons behind Niwot-based Crocs’ strong third quarter, Andrew Rees, president and CEO, said Thursday during the company’s third quarter earnings call.
“We had one of the best third quarters in the last couple of years,” Rees said.
In the latest quarter, Crocs (Nasdaq: CROX) said it closed 28 retail sales locations, leaving it with fewer than 400 around the world. Last March, Crocs said it will close about 160 of its 558 retail stores by the end of 2018.
Crocs reported revenue of $261.1 million in the third quarter of this year, which is a 7.3 percent increase compared to the third quarter of 2017.
Read more at the Denver Business Journal: https://bit.ly/2zF0VOp