Crocs mentioned that it is closing all of its manufacturing amenities and introduced that its chief monetary officer will resign.


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Crocs, primarily based out of Niwot, Colo., famous in a press launch Tuesday {that a} facility in Mexico will shutter and there are plans to shut one in Italy. It is unclear what the way forward for manufacturing can be. 

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The corporate mentioned Carrie Teffner, govt vp and chief monetary officer, will go away Crocs efficient April 1, 2019. Her successor can be Anne Mehlman, who comes from Amazon-owned on-line shoe retailer Zappos. Mehlman will start her duties August 24, 2018.

Crocs grew to become fashionable amongst hospital and restaurant staff and others toiling on their toes all day after its 2002 launch, with annual gross sales hovering previous $100 million earlier than a fall from favor and experiencing a combined highway business-wise ever since.

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In July, the corporate debuted a high-heel model of its rubberized footwear at $50 a pair. It sparked a spirited dialog on-line.

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Shares of the corporate have climbed 43 % for the reason that starting of the 12 months, whereas the inventory itself has greater than doubled within the final 12 months.

Crocs mentioned it closed 28 retail gross sales areas within the newest quarter, Denver Enterprise Journal writes, which leaves the corporate with lower than 400 areas globally.


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