Crocs (CROX) Jumps On Reports of Expanding India Business
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Shares of Crocs (Nasdaq: CROX) are 18 percent higher today following a reports in India's Business Standard that the footwear company said it will expand its India business by more than doubling the number of exclusive stores in the country this year.
"We are going to scale up our India operations in 2010 and our plan is to end the year with up to 25 exclusive outlets, up from 11 now," Crocs Vice-President (South Asia) Mike Debell said.
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"We are going to scale up our India operations in 2010 and our plan is to end the year with up to 25 exclusive outlets, up from 11 now," Crocs Vice-President (South Asia) Mike Debell said.
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