News

Crocs forecasts lower profits

24/07/2008

Crocs may post its first drop in sales since it sold shares to the public in 2006 as retailers cut back on orders. Yesterday's decline contrasts with the sevenfold increase in the 20 months after the initial share sale, when investors bought on the hopes that forays into apparel and celebrity endorsements would sustain the company's revenue growth, Bloomberg said.

To continue reading this story, please sign in or register.