September 6th, 2018

Crocs to outsource manufacturing of clogs, other footwear

According to a report, The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in Mexico Tuesday while reporting a second-quarter profit of US $30.4 million, or 35 cents per share.

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

Executive Vice President Carrie Teffner will leave the company by next April, but is stepping down as CFO on August 24.

Anne Mehlman, a former Vice President of corporate finance for Crocs and current CFO of Zappos, will take over as CFO.

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