Crocs will close its remaining company-owned manufacturing facilities and announced that its Chief Financial Officer resigned, according to reports on Crocs' quarterly earnings released Tuesday.
The Colorado-based shoe manufacturer said it already closed its Mexico facility and will close its last facility in Italy. Future manufacturing will be outsourced, Crocs said in a presentation to investors.
It's part of the company's efforts to "simplify the business and improve profitability." Last year, Crocs announced it was closing more than 150 stores by the end of 2018. The reports released this week reaffirmed Crocs' commitment to reduce the number of stores worldwide to less than 400.
The company also announced Tuesday that its CFO Carrie Teffner resigned, effective April 1, 2019. Her successor, Anne Mehlman, will take over on August 24 this year.
Crocs shares were down 2.65 percent at $17.64 per share following Teffner's announcement, according to CNBC.
Despite store closings in 2018, Crocs still reported that revenues this quarter grew versus the same quarter in 2017.
Police in the South Bay fired pepper balls at a suspected car thief after he resisted arrest Sunday afternoon, according to authorities.
Sunny San Diego weather continues Monday, with sunny skies and near or above average afternoon temperatures. This pattern will continue until Wednesday-Thursday when a low pressure passes to the north, bringing clouds, cooler temperatures, and even a small chance of light rain.
An investigation was underway Sunday into a possible arson attack at a mosque in Escondido, according to authorities.
Every year, CBS looks for more than a dozen people to live in a house together and compete for $500,000 on “Big Brother.” On Sunday hundreds of people gathered in Miramar to show off why they deserve to be the next houseguest on the show.
From the cost of feeding the zoo animals in 1978 to the grand opening of the first Legoland outside Europe in 1999, grab your ticket and let’s take a roller coaster ride through the past 40+ years of San Diego attractions.
A woman in her 40s riding a bicycle suffered major injuries when she was struck by an SUV during a traffic crash in El Cajon, a police lieutenant said Sunday.
San Diego Habitat for Humanity dedicated the first four homes of an affordable housing community in Logan Heights on Saturday.
At least one person was killed and three were injured in a crash on state Route 163 in Balboa Park early Saturday morning.
Chaos ensued on a Phoenix freeway on Friday morning after a car crashed off the side of the road. As witnesses pulled over to help, they saw a man stabbing a woman to death.
Sheriff's deputies arrested more than two dozen people as part of a warrant sweep in South Bay on Saturday -- including a man who tried to resist being taken into custody.