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Benzinga
Benzinga
Business
Shivani Kumaresan

Crocs Pauses Business Operations In Russia

Russia Crocs CROX Andrew Rees
  • 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.
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