nygazet.com logo
Crocs reducing orders in the second half due to cautious consumer
business

Crocs reducing orders in the second half due to cautious consumer

1 min read

Shares of Crocs shed nearly 30% Thursday after the company issued the stark warnings.

Casual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a "concerning" environment for the consumer. "We see the U.S. consumer behaving cautiously around discretionary spending. They are faced wit... [2815 chars]

Read Original Article

Source: CNBC

Visit Source

Share this article