Crocs, Inc. (CROX) Reports Q2 EPS of $0.36; Debuts New Strategic Plan
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Crocs, Inc. Reports Second Quarter 2014 Financial Results, Announces Strategic Plan for Driving Business Improvement
July 21, 2014 7:45 PM EDTNIWOT, Colo., July 21, 2014 (GLOBE NEWSWIRE) -- Crocs, Inc. (Nasdaq: CROX) today reported financial results for the second quarter ended June 30, 2014, and announced strategic plans for long-term improvement and growth of the business. These plans comprise four key initiatives, including: (1) streamlining the global product and marketing portfolio, (2) reducing direct investment in smaller geographic markets, (3) creating a more efficient organizational structure including reducing duplicative and excess overhead which will also enhance the decision making process, and (4) closing or converting approximately 75 to 100 Crocs branded retail stores around the world. The company expects cost savings associated with the... More
