Niwot-based Crocs cuts 183 jobs, closes stores after second-quarter earnings drop - 7NEWS Denver TheDenverChannel.com
Crocs Inc. has eliminated 183 jobs and plans to close or restructure
up to 100 company-owned stores after a sharp decline in second-quarter
profits.
The Niwot-based maker of resin-molded shoes made the majority of the job cuts Monday.
The company reported second-quarter operating income of $41.9 million
-- down 17 percent from the same period in 2013. Net income to
shareholders fell more steeply, dropping 45 percent to $19.5 million
compared to the second quarter of 2013.
Revenue increased 3.6 percent to $376.9 million.
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