Crocs, Inc. Announces Retail Expansion into Puerto Rico with New Stores
December 14 2010 - 8:01AM
Business Wire
In the midst of the holiday shopping season, Crocs, Inc.
(NASDAQ: CROX) announced today the Company’s expansion into Puerto
Rico with new store locations. Opening this month, the Plaza Las
Americas store, located in Hato Rey, and Plaza Carolina store,
located in San Juan, join the Barceloneta and Old San Juan
locations, which opened earlier this year to mark our first retail
venture into Puerto Rico.
Retail sales have played a key role in the Company’s growth
strategy this year, posting a 35 percent year over year revenue
increase in the third quarter of 2010. The new Puerto Rico stores
allow the Company to merchandise the depth of Crocs’ more than 250
styles with a mix of full-price and factory direct products, while
also introducing the brand to another international community.
“Puerto Rico is a great market for Crocs and a very
strong footwear market,” says Doug Hayes, Vice President and
General Manager of Americas for Crocs. “New stores are a part of
our Crocs brand globalization strategy. It’s important for us to
not only strategically locate our stores in busy shopping
districts, but also showcase our diverse product offering to
shoppers around the world as our shoes appeal to consumers for
their comfort, color and value.”
This retail expansion marks an exciting new opportunity for the
leading footwear company, while continuing to bring profound
comfort, fun and innovation to the world’s feet. Crocs™ shoes are
sold in more than 125 countries and the company currently expects
to operate more than 400 company owned retail stores in shopping
destinations around the globe by year-end. To learn more about
Crocs or to find a Crocs store near you, visit Crocs.com.
About Crocs, Inc.
A world leader in innovative casual footwear for men, women and
children, Crocs, Inc. (NASDAQ: CROX), offers several distinct shoe
collections with more than 250 styles to suit every lifestyle. As
lighthearted as they are lightweight, Crocs™ footwear provides
profound comfort and support for any occasion and every season. All
Crocs™ branded shoes feature Croslite™ material, a proprietary,
revolutionary technology that produces soft, non-marking, and
odor-resistant shoes that conform to your feet.
Crocs™ products are sold in 125 countries. Every day, millions
of Crocs™ shoe lovers around the world enjoy the exceptional form,
function, versatility and feel-good qualities of these shoes while
at work, school and play. Visit www.crocs.com for additional
information.
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