Crocs saw both its revenue and profits decrease sharply in the third quarter. Its management believes the decline will continue in the fourth quarter, and is tripling its cost-cutting program.
All signs are red
Group sales in July, August and September amounted to 996.3 million dollars (860 million euros), down 6.2 % from a year earlier. Its own retail activities recorded an increase of 1.6 %, but wholesale sales fell by 14.7 %.
