Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Crocs, Inc. is an American footwear company based in Broomfield, Colorado that manufactures and markets the Crocs brand of foam clogs.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
20
Assets(RF), mln.USD
8
Capital(RF), mln.USD
7
Glob.Revenue, mln.USD
3555
Staff(RF), 2021
161
Taxes(RF), mln.USD
6
The Company Statement
March 09, 2022

Suspending operations in Russia, including retail and e-commerce sales and imports into the country. Donation to UNICEF. (Business in Russia makes up 2% of sales). In August Crocs stores are reopening in Russia. The stores of the footwear brand Crocs in Russia have announced their reopening with a new operator. The shops of the American footwear manufacturer Crocs, which closed in March after Russia's invasion of Ukraine, will be managed by a new entity under the former head of Russian Crocs, Eric Peti, called "Kler." Management of the location in the Afimall shopping center in Moscow has been transferred to "Kler," which reopened after the cessation of work in March, just like the store in "Metropolis." However, as the interlocutor clarified, the Crocs online store in Russia will not resume operations, and the products will be supplied through other online platforms. The company supplied its products to Russia till August 2023.

August 31, 2023"They make money on the blood of Ukrainian children." The Crocs network got into a huge scandal
August 20, 2023Russia Search / ImportGenius | International Trade Databases for Import-Export Businesses
August 22, 2022Crocs stores are reopening in Russia
August 21, 2022Shoe brand Crocs stores in Russia will resume work with a new operator
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