• Facebook - Portuguese Shoes
Portugueses Shoes TV

Crocs to outsource all manufacturing


The US-based company famous for its clogs, has announced it is closing its last facility and going forward will outsorce all production

In connection with ongoing efforts to simplify the business and improve profitability, during the second quarter, Crocs closed its manufacturing facility in Mexico and moved ahead with plans to close its last manufacturing facility, which is located in Italy. The company said it plans to completely outsource production.

Back in August the company has announced second quarter revenue totaling 328.0 million US dollars, and growing by 4.7% over the second quarter of 2017, or by 2.3% on a constant currency basis. This growth was achieved despite the loss of approximately 22 million US dollars due to operating fewer stores and business model changes. E-commerce grew by 23.8%, wholesale grew by 7.2%, and retail comparable store sales increased by 7.1%. READ ALL ABOUT IT HERE

The company also confirmed that Carrie Teffner, Executive Vice President and Chief Financial Officer, will leave Crocs effective from the 1st of April 2019. Her successor will be Anne Mehlman, who comes from Amazon-owned online shoe retailer Zappos, and who started her duties in August.
 
 
Breaking News
Skechers helps children in need Skechers helps children in need
New President of Michael Kors Men's New President of Michael Kors Men's
Vans revenue to grow by 2 billion US dollars Vans revenue to grow by 2 billion US dollars
Micam closes its 86th edition Micam closes its 86th edition
Yue Yuen announces more investment after drop in revenue Yue Yuen announces more investment after drop in revenue
India aims to double leather exports India aims to double leather exports
Lacoste Footwear with new Product Director Lacoste Footwear with new Product Director
Jordan partners with Paris Saint-Germain Jordan partners with Paris Saint-Germain
JackRabbit acquires Rhythm Running JackRabbit acquires Rhythm Running
World Footwear Congress on its way to Naples World Footwear Congress on its way to Naples
Terms and Conditions       Disclaimer