Crocs blames exchange rates for plummeting income
07/05/2014
Footwear brand Crocs has reported a 0.2% increase revenues in the first quarter of 2014 but a dramatic drop in income - $16.8 million compared with $37.7 million in the same period last year. The company blamed of the shift of the Easter holiday from March into April, negative currency impacts in Japan and Russia and a change in product mix for...