10/26/12

Web growth in the Americas and Asia offsets weak European sales for Crocs

Online sales were up 11% and 34% in North America and Asia, respectively.

Jon Love , Associate Editor, Research

Third quarter e-commerce sales grew in the U.S. and Asia for Crocs Inc., but fell in Europe.

For the third quarter ended September 30, Crocs, No. 183 in the 2012 Internet Retailer Top 500, reported:

The web accounted for 9.2% of total sales compared with 9.3% in the third quarter of 2011.

“Our Americas and Asia performance helped to more than offset weakness in the European market, where challenging macroeconomic conditions and foreign currency exchange rate fluctuations continue to pressure our results,” says CEO John McCarvel.

For the first nine months:

The web accounted for 8.6% of total sales compared with 8.8% in in the first three quarters of 2011.

Topics:

2012 financials, 2012 q3 earnings, Americas, Asia, business finance, Crocs, Crocs Inc., Europe, John McCarvel, North America, overall e-commerce sales, Q3, q3 2012, Q3 web sales, quarter e-commerce sales, third quarter, third quarter e-commerce sales, United States, web sales

NEWS CATEGORIES Back to Top...