Join today and be part of the best free investment newsletter on the web where we focus on market moving news.
Shares of Shoemaker Crocs Inc. (NASDAQ:CROX) fell this morning following an announcement that CEO John Duerden,will be leaving his position as CEO and Board member after only holding the position for a year. Chief Operating Officer, John McCarvel, who has been with the company for 6 years will replace Duerden.
About Crocs Inc:
Crocs, Inc. and its subsidiaries design, develop, and manufacture consumer products from specialty resins worldwide. It primarily offers footwear for men, women, and children under the Crocs brand. The company designs and sells a range of footwear, apparel, gear, and accessories that utilize its proprietary closed cell-resin, called Croslite. It also offers a line of apparel for boys, girls, and men featuring Croslite material; and accessories, including snap-on charms, backpacks, and messenger bags. Crocs sells its products through crocs branded retail store locations, including company-operated kiosks and retail stores; Web stores; sporting goods and department stores; specialty retailers; and sales agents and buying groups. As of December 31, 2008, it operated 70 domestic and international retail stores, 174 domestic and international retail kiosks located in malls and other high foot traffic areas, and 32 outlet stores. The company was formerly known as Western Brands, LLC and changed its name to Crocs, Inc. in January 2005. Crocs, Inc. was founded in 1999 and is based in
You can contact us during market hours at 1-888-9-ClubGrand (1888-925-8247) or via email at staff@wallstreetgrand.com .Gerard@WallStreetGrand.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
Disclaimer:
Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer clicks the link http://www.wallstreetgrand.com/disclosure.html.
