No More Crocs? Not So Fast. Crisis Averted

No more Crocs?  Not So fast.  Fans of the holey footwear went into a tizzy on Twitter when they hear the first reports that Crocs was shutting down.  That’s the problem when one doesn’t read the full story.  It is true that Crocs are shutting down their last manufacturing facility, in Italy, but does not mean that Crocs are going to disappear.  They are moving their production to third parties to make the best of the economies of scale.  So don’t fret if you too are a fan of the plastic shoe.

“In connection with ongoing efforts to simplify the business and improve profitability, during the second quarter, the company 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 in a statement Tuesday.”

 

Source CNBC

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Posted in All Stories, Annoucer Blogs, Dave Creelman Tagged with: , , ,

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