Crocs closes its production facilitiesCrocs, the US brand of multicolor eva clogs, has announced the closure of its last two factories owned in Mexico and Italy. The aim is to rationalize production activities in order to increase profitability and focus on online activities.
The Masera site in the Province of Padua will not be completely dismantled and will continue to host the research and development, design, and marketing activities. Production, on the other hand, will be moved to countries with low labor costs such as Bosnia, China and Nicaragua.
Crocs closed the second quarter of 2018 with sales of 328 million euros, up 4.7% compared to the same period of the previous year, with gross margins of 55.3%.