Similar to showrooming at physical stores, consumers are shopping at some websites, but then going to other sites to make a purchase at a cheaper price. That's the view of John McCarvel, president and CEO of Crocs, in explaining why internet sales in the Americas region fell 32.8 percent in the third quarter. "We're certainly pleased to see that on Amazon.com in July, 23 of the top 100 styles sold were Crocs," McCarvel said on a conference call. "However, we believe we're seeing some of the same showrooming challenges impacting Crocs' direct growth of our own already significant e-commerce business."
NIWOT, Colo. -- Crocs, Inc. (NASDAQ: CROX) today announced that it expects annual revenue to surpass $1 billion for the first time when the Company reports results for the year ended December 31, 2011. The Company now estimates that Q4 revenue will be at the high end of the prior guidance of $200 to $205 million. This compares with the Company’s reported revenue of $790 million for the year ended December 31, 2010. “Exceeding $1 billion in revenue in less than 10 years is a testament to the power of our global brand and the potential of our
Niwot, Colo. -- Casual footwear-retailer Crocs debuted its new concept store, with locations in Mall of America, Bloomington, Minn.; Barton Creek, Austin, Tex.; and Streets at Southpoint, Durham, N.C. The store is designed to provide an engaging, fun and high-touch environment, inviting consumers to explore, interact and shop. “This new concept store is a key part of our long-term strategic plan. We set out to merchandise our diverse product mix, as well as create a space that is flexible and can adapt to our evolving brand direction and merchandising offering,” said John McCarvel, president and CEO, Crocs. Crocs worked