Crocs closing last of manufacturing facilities, CFO resigning

Crocs shutting down manufacturing facilities

Casual footwear company Crocs is closing company-owned manufacturing plants in Italy and Mexico by the end of the year and replacing its chief financial officer.

Carrie Teffner, Executive Vice President and Chief Financial Officer, has announced her intention to resign from Crocs effective April 1, 2019.

The company has already started wrapping things up in one of its facilities in Mexico, and they plan on shutting down the remaining in Italy.

But experts and the company itself have brought clarity to the ruckus: Crocs has confirmed via a tweet - and in a email exchange with FN - that it is not going away.

Still, Croc stans took to Twitter to express their outrage, betrayal, and sadness about the Croc-pocalypse.

Man City midfielder set for deadline day Wolves move
If they are to avoid the drop in their first season back in the Premier League, his experience could be crucial. Wolves have until 5pm to get the deal over the line, and will be hoping Leicester make the defender available.

Holy Fire in pictures: Apocalyptic scenes as wildfires rage in California
Before he was arrested, Clark told a freelance cameraman he was asleep when the fire started and had no idea how it began. As The Sacramento Bee reported , more than 14,000 firefighters are now battling 16 different wildfires across the state.

Marcelo contacts Juventus to make reunion with Ronaldo reality
City will make late checks on Aymeric Laporte and Benjamin Mendy after they picked up knocks during the Community Shield win over Chelsea last weekend but both players are expected to be passed fit.

In a news release Tuesday, the company announced no immediate plan into how it will continue to manufacture its products.

The announcement of the manufacturing closures comes alongside the companys second-quarter earnings report, which showed the company grew its earnings and revenue by 4.7 percent compared to past year.

They're a comfortable shoe option for those who spend hours on their feet at work, but Crocs have never been considered fashion-forward.

"While accurate, some people have interpreted that to mean that Crocs will no longer be making and selling shoes. Our future is bright, bold and colorful".

Related news:

Hot News

isis-killer-beheading-video-story-top All 20 Marvel Cinematic Universe movies will be re-released in IMAX
Aug 11, 2018 - 23:27
Heck, if you've never seen a Marvel movie, this is probably the best chance you'll get to see the oldies on the big screen . The end of August will see another marathon event, and this time it's going to be the most accessible yet for any MCU fan.

isis-killer-beheading-video-story-top Hurricane Hector to skirt south of Hawaii as it weakens
Aug 11, 2018 - 21:43
Swells generated by Hector will bring large and risky surf to portions of the main Hawaiian islands through tonight. Hector's strongest winds are confined to about 40 miles from the eye and are not expected to affect the island.

isis-killer-beheading-video-story-top Rain Suspends PGA Championship during Second Round
Aug 11, 2018 - 21:38
Simply go to the CBS All Access landing page and pick the plan you want to purchase. Schwartzel, the 2011 Masters champion, made eight birdies and a single bogey.

isis-killer-beheading-video-story-top Tommy Fleetwood British Open payout: Wrong Fleetwood gets $154K
Aug 11, 2018 - 21:33
It was not paid, however, to the Tommy Fleetwood who played in the championship and finished equal 12th at Carnoustie. At least, he can always say he won $150,000 at the Open", Thorner joked.

isis-killer-beheading-video-story-top Brad Pitt says he has given Angelina Jolie millions since split
Aug 11, 2018 - 20:54
He is going to use everything he can against her in court to insure that he gets as much custody of the kids as possible. Custody issues have proved to be the biggest stumbling block in legally ending the Jolie-Pitt marriage.

isis-killer-beheading-video-story-top Schalke in talks with Tottenham over Danny Rose loan signing
Aug 11, 2018 - 20:11
In addition, with Ben Davies putting in a string of strong performances , he has struggled for playing time at White Hart Lane. Despite this, a further report claims Rose is holding out for a move to Paris Saint-Germain.

isis-killer-beheading-video-story-top Mourinho makes 'head coach' jibe after transfer frustration
Aug 11, 2018 - 19:39
United were interested in signing Raphael Varane of Real Madrid and were looking to splash over £100m for the World Cup victor . His contribution was unbelievable ". "Every team is a good team, forget the name, forget the history, forget the shirt".

isis-killer-beheading-video-story-top State of emergency in Charlottesville for anniversary of 'Unite the Right' rally
Aug 11, 2018 - 19:02
The man accused in that attack, James Alex Fields of OH , has been charged with first-degree murder. Since last year's rally, city officials have ween working on a public safety plan.

Paul Pogba Appointed Manchester United's Captain By Jose Mourinho
Aug 11, 2018 - 16:11
Eric Bailly did superbly to deny Iheanacho, and Vardy bundled Shaw off the ball to send in a cross that Gray nearly flicked home. He added: "The thinking is he is a very good penalty taker and likes the responsibility of it and he is first choice".

isis-killer-beheading-video-story-top USA tariff hike on Turkey fails to make economic sense
Aug 11, 2018 - 16:10
With new Iran sanctions coming up, more Turkish banks could face us probing if they are doing business with the Islamic republic. Erdogan on Friday once again urged Turks to exchange gold and dollars into lira to stop the currency from plunging.

isis-killer-beheading-video-story-top America to beam up $8bn for Space Force
Aug 11, 2018 - 15:05
The vice president mentioned four major, fundamental steps that the USA government will take to create a Space Force . It is eventually up to politicians to vote to authorise the new branch of the military.

isis-killer-beheading-video-story-top From bullish to sheepish: Ben Stokes was so nervy on the stand
Aug 11, 2018 - 14:56
Mr Cole showed the jury a photograph of Mr Stokes and teammates James Anderson, Jake Ball and Alex Hales taken outside Pryzm. As soon as the episode started, I knew that not just myself but other people could be a target of these two men.

isis-killer-beheading-video-story-top IKEA opens first India store in Hyderabad
Aug 11, 2018 - 14:30
The company has said that it is prepared to spend about 10 billion rupees ($145 million) on each store it opens in the country. The store will contain approximately 7,500 products and of this almost 1,000 items will be sold for less than Rs. 200.

isis-killer-beheading-video-story-top Images leaked of Manchester United's new pink away shirt
Aug 11, 2018 - 12:49
Jerome Boateng trained with Bayern Munich on Thursday as speculation continued to swirl around the Germany defender's future. But, their reported £22.3 million bid was quickly knocked back by Die Roten , who were looking for double the amount.

isis-killer-beheading-video-story-top One man's suffering exposed Monsanto's secrets to the world
Aug 11, 2018 - 12:13
In his closing argument, the plaintiff's attorney, Brent Wisner, told the jury it was time for Monsanto to be held accountable. They said he even once contacted Monsanto after developing a rash, and wasn't told of any risk, the AP reported.