BUSINESS

Shoe-Maker Crocks Rocks In Sales

Crocks has made a compelling comeback following the vagaries in the marketplace given the COVID-19 pandemic.

The fashionable shoemaker reported record sales of $640m in the three months to 30 June – nearly double the same period last year.

The firm also raised its revenue forecast for the rest of the year, signaling its aggressive growth mode.

The company’s top executive reportedly said there was strong demand for the shoes globally.

Net income before tax grew to $190.5m between April and the end of June from a previous $54.7m.

The company expects revenue for 2021 to rise by as much as 65%, compared to an increase of up to 50% the company forecast in April.

Digital sales which make up more than a third of the company’s total sales were also up by over 25 percent.

Readers Bureau, Contributor

Edited by Jesus Chan

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