Crocs closing last of its manufacturing plants

- Footwear maker Crocs is closing the last of its manufacturing plants.

The company says it has already closed its plant in Mexico and the last manufacturing plant in Italy will close soon. 

The company has not said how it will continue to produce its products. 

In addition, the company's executive vice president and chief financial officer, Carrie Teffner, is leaving. 

The news was announced on an earnings call. 

Since the company's launch in 2002, Crocs have become popular among hospital and restaurant workers, along with boaters and others who are on their feet all day. 

Shares of Crocs are up 44 percent for the year. 

Up Next:

Up Next

  • Crocs closing last of its manufacturing plants
  • You can now wash your hair with a bar of shampoo
  • Report: Payless ShoeSource set to close 2,300 stores
  • Pasco residents find themselves paying Hillsborough's new sales tax rate
  • Legal loophole lets contractors take advantage of homeowners, watchdogs say
  • 'Chicken and waffles' cereal coming to a Walmart shelf near you
  • App translates voice to vision for visually impaired
  • Tax expert explains why returns seem lower this year
  • Toys R US plans second act under new name
  • Fire causes Wells Fargo banking customers to lose access to accounts