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Crocs CEO John McCarvel on the company’s growth overseas, particularly in Asia and the impact of the Presidential election on the company.
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-- despite mounting economic concerns overseas one company is selling its quirky plastic footwear.
In 1980 different countries John Carmel is the CSS and it.
Proxy joins me now on a first on Fox Business center -- your regular NASDAQ.
You -- monastic excuse me on the 31 and the company you're really trying to take the company in a new direction where fashion conscious direction how you think.
-- -- But it's a work in progress you know I think from our standpoint we're building a life style.
A brand here in it it takes time it takes time for consumers to think about action in a different way well it's always thought about you and a different way you know -- -- came to the public markets and Crocs was the.
You know hit it hit the ground running the street -- -- And then in the she wore off they were worried that you were kind of a one trick pony venue change direction for the company do you public analysts are really understanding the concept now -- -- understanding the numbers correctly I think it's difficult drafting for a brand like -- 60% of our revenue comes from international markets.
Not many footwear Brown's that are 78 years old -- -- generate that much revenue in foreign markets.
So it's a little bit different for investors and how they think about the brand reverses.
And I think really held a brand -- placed him in international market worried -- putting your focus I mean do you think if you're gonna -- weren't kind of focus on the international markets or do you think that that you should be be -- more of a -- we -- -- in the United States as you are opening up retail stores and.
There -- on the effective it is we have 500 stores almost now globally.
Plus what their partners overseas we have 11100.
Stores that you can want -- -- -- you can feel touched this emerging changing.
Brand.
Acting next here's what we said the growth of our Asian business is so significant that we're going to probably see -- should be a larger market for -- plus 44 on our revenue right now and I think that that's gonna grow that your prediction well how much how much.
How much we think it's a quarter percent now I mean I I think mixtures larger.
You know -- our America's business in total.
And for the year which today it's still okay smaller than -- -- that's okay are you concerned about Europe.
Well concern about Europe I think the overall economic conditions there impact over announces it's impacting consumer behavior.
I think the upcoming election and United States -- -- potential impact.
Two consumer behavior in this market and the third and fourth quarter also -- -- I don't want people feel -- comfortable with with time they think the future looks like.
Then they're going to make buying decisions accordingly I think when we're not too.
Secure about what the future looks like then we make decisions.
Maybe be more conservative.
Okay see you think that depending on who wins the November election and what that policy would bay if forecasts still worry are right now we don't get change in November -- had.
At a some issues.
As an exercise diet we do thing.
You know I think part of the in the question comes tough slot senses we have most of our cash overseas a penalty inability to repatriate.
Those dollars into the US -- will -- -- a look at finally guys got -- Sheila actually.
I bought the ship three weeks ago -- -- pointed -- but I do on this parish is -- comfortable.
So -- -- wish -- the best of luck here in the United States is Wallin and we look forward -- saying the next quarter and hearing -- earnings from Crocs thanks.
Are right -- -- the C of course the president of -- great to have you on the show.
