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Sales are up and prices too. Crocs CEO says brand was 'too cheap'
Crocs CEO Andrew Rees says despite customers having less money to spend, they still see good value in its foam clogs.
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Sales are up and prices too. Crocs CEO says brand was 'too cheap'
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HALLANDALE BEACH, FLORIDA - MAY 18: People wearing protective masks walk from a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Walmart announced that customers who are fully vaccinated against Covid-19 will not need to wear a mask in its stores, unless one is required by state or local laws. The announcement came after the Centers for Disease Control and Prevention said that fully vaccinated people do not need to wear a mask or stay 6 feet apart from others in most cases, whether indoors or outdoors. (Photo by Joe Raedle/Getty Images)
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EAGLE ROCK, UNITED STATES: Shoppers look for bargains at a Target store in Eagle Rock, California, 28 November, 2003, on the day after Thanksgiving, sometimes called "Black Friday" and considered to be one of the most important days of the year for retailers. AFP PHOTO/Robyn BECK (Photo credit should read ROBYN BECK/AFP via Getty Images)
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