Crocs CEO says consumer environment is 'concerning,' will reduce orders in the second half
1. Crocs plans to cut orders amid consumer caution and pricing issues. 2. Shares dropped nearly 30% after weak forecast and earnings report. 3. CEO mentions a concerning retail environment affecting inventory orders. 4. Crocs faces operational challenges due to steep import tariffs. 5. Projected revenue decline of 9% to 11% year-over-year this quarter.