Competitive PressuresCROX continues to cede share to athletic brands and other brands that are combining innovative product with strict, well-defined brand strategies.
North American Sales DeclineCrocs' North American revenue decreased 8.8%, indicating challenges in this region.
Product Strategy ChallengesThe product offerings for both Crocs and HEYDUDE are too broad, and will, over time, offset CROX' management goal of driving more full price selling.