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Repositioning pays off for Crocs

21/02/2013

Footwear brand Crocs has reported record revenues for 2012, rising 12% to $1.12 billion after increasing average selling prices of its colourful resin clogs. However, it suffered a loss in the fourth quarter due to one-time expenses linked to “contingency accruals” and updating its systems. Crocs CEO John McCarvel commented: “Our strong...

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