Crocs, Inc. (NASDAQ:CROX), a world leader in innovative casual footwear for men, women and children, offers several distinct shoe collections with more than 300 four-season footwear styles. Headquartered in Niwot, Colo., Crocs has more than 4,000 employees globally. Crocs offers a broad portfolio of all-season products, while remaining true to its core molded footwear heritage. All Crocs shoes feature Croslite material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs celebrates the fun of being a little different and encourages fans to "Find Your Fun" in every colorful pair of shoes. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world.
The company reported strong third quarter and is poised to grow. The company delivered third quarter sales in line with its revised expectations reflecting challenges in China and currency. It is positioned for improved results in 2016. The Asian countries hold tremendous opportunities for this company. It is already closing down underperforming stores. It is expanding the products its offers and diversifying into sneakers, loafers, and boots. With robust innovation, continuing research and development activities CROX is bound to create shareholder returns. CROX is headed for a turnaround strategy. The company is expected to comeback in the near future. The footwear industry is booming right now, and this company has more room to grow. Continue Reading »