Crocs Pauses Business Operations In Russia

Crocs Inc 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.