Crocs Trying To ‘Improve Profitability’ By Closing Factories

Do you like Crocs?

By kncipat on August 11, 2018

(Photo by David Silverman/Getty Images)

More bad news for the (11) fans of Crocs, the retailer is making more cost-cutting measures.

Daily Mail reports, “Crocs has announced that it is selling off its last two factories and that its chief financial officer will be leaving next year.

The shoe brand said it will be shutting down a factory in Mexico and another in Italy as it outsources production in the hunt for greater profits.

Meanwhile CFO Carrie Teffner will be leaving the business at the end of March 2019 to be replaced by Anne Mehlman, of Amazon-owned shoe-seller Zappos.com.”

Do you like Crocs?