Crocs Shoes Might Be Going Away!

posted by Carolyn McArdle - 

The Crocs shoe manufacturer has announced that its closing its manufacturing facilities.

The company said it closed its manufacturing facility in Mexico and is moving ahead with plans to close its last manufacturing facility in Italy.

The company did not say how it will continue making the products.

Crocs also announced that the company’s chief financial officer, Carrie Teffner, plans to resign.

While there a few stores still operating, the company said it grew earnings and revenue in the second quarter.

Could the end be in sight? 

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