INFAMOUS CLOG BRAND IS OPTIMISTIC DESPITE CORONAVIRUS EPIDEMIC

An infamous shoe brand has closed the fourth quarter of the year with a 21.8% revenue increase and an overall 13.1% increase within the year.

Crocs have ended a year on a high, despite the uncertainty of businesses have due to the coronavirus outbreak.

"Focusing on our core clog and sandal categories and further igniting brand heat through impactful marketing campaigns and collaborations are fuelling strong revenue growth," said Andrew Rees, President and Chief Executive Officer.

Rees has made it known that although they are optimistic and ambitious with the opportunities for the new year, their immediate focus is to ensure that their employees in China and their partners are safe given the risks associated with the virus.

Crocs estimate that the first quarter of 2020 will be negatively impacted by the COVID-19, by 40 - 60 million US dollars.