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COVID-19 Has ‘Profound’ Effect on Crocs in Q1

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The first quarter proved challenging for Crocs, despite positive brand momentum in 2019. In a Nutshell: Crocs first sounded the alarm in February that the coronavirus outbreak may cost the clog maker $60 million in revenue this year. Many of its 367 company-owned stores were closed in Q1, the company said, and retail traffic suffered accordingly. Unfortunately,…

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