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Crocs celebrated a billion
16.01.2012 1688

Crocs celebrated a billion

The extremely popular rubber shoe manufacturer announced that for the first time in 10 years of operation, the company’s revenues reached a billion dollars. On the day of this announcement, sales of Crocs shares on the stock exchange immediately rose by 20%.

In the past year, Crocs has significantly expanded its line of models, offering not only specific round sandals, but also ballet flats and winter boots made all from the same branded rubber. As a result, the company has become one of the largest shoe manufacturers in the United States. However, this barrel of honey also has its own fly in the ointment. Crocs has a debt that may alarm investors. The amount of debt is estimated at $ 130 million, writes fashionunited.ru
The manufacturer of extremely popular rubber shoes announced that for the first time in 10 years of operation, the company’s revenues reached a billion dollars.
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