Crocs shuts North America retail stores due to Covid-19

Crocs, Inc, a world leader in innovative casual footwear for men, women, and children, has announced that all company-operated retail stores in North America will remain closed until further notice. Many retail stores in Europe are also currently closed in compliance with local regulations due to global coronavirus (Covid-19) pandemic.

 

Crocs, Inc, a world leader in innovative casual footwear for men, women, and children, has announced that all company-operated retail stores in North America will remain closed until further notice. Many retail stores in Europe are also currently closed in compliance with local regulations due to global coronavirus (Covid-19) pandemic. #

“These are unprecedented times that are impacting not only Crocs, but our whole society. 2019 was a record year for the Crocs brand and as we started 2020 we were looking forward to another tremendous year of growth. Today, while we are still in a strong position, we are taking precautionary measures for the near term to ensure the health and well-being of our consumers, our employees, our communities and our business. We are confident that these actions will ensure we are in a good position to manage through this crisis and will emerge a strong, vibrant brand,” Andrew Rees, president and chief executive officer, said in a press release.

 

Crocs, Inc, a world leader in innovative casual footwear for men, women, and children, has announced that all company-operated retail stores in North America will remain closed until further notice. Many retail stores in Europe are also currently closed in compliance with local regulations due to global coronavirus (Covid-19) pandemic. #

The company reported that while many stores remain closed, customers may continue to enjoy shopping on Crocs.com. Given the continued disruption and uncertainty globally related to Covid-19, Crocs is withdrawing its first quarter and full year 2020 outlook provided on February 27, 2020. Crocs will provide a business update during its first quarter fiscal 2020 earnings call, company stated in the release.