Crocs Pauses Business Operations In Russia

• Crocs Inc (NASDAQ:CROX) has decided to pause its direct-to-consumer business, including e-commerce and retail operations, in Russia.
• The company has also paused the import of goods into the country.
• Crocs said all of its corporate and retail staff in Russia will continue to receive pay during this pause.
•  "While our decision to pause all business operations in Russia was decisive, our commitment to doing the right thing is unwavering," said CEO Andrew Rees.
• Price Action: CROX shares closed higher by 6.00% at $73.17 on Wednesday.