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Saturday, September 19, 2020  Spokane, Washington  Est. May 19, 1883
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Crocs to outsource manufacturing of clogs, other footwear

In this Feb. 6, 2006 photo, Crocs colorful resin footwear are on display at the REI flagship store in Denver. (Ed Andrieski / Associated Press)
In this Feb. 6, 2006 photo, Crocs colorful resin footwear are on display at the REI flagship store in Denver. (Ed Andrieski / Associated Press)
Associated Press

NIWOT, Colo. – Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year’s end and replacing its chief financial officer.

The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in Mexico Tuesday while reporting a second-quarter profit of $30.4 million, or 35 cents per share.

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

Executive vice president Carrie Teffner will leave the company by next April, but is stepping down as CFO on Aug. 24.

Anne Mehlman, a former vice president of corporate finance for Crocs and current CFO of Zappos, will take over as CFO.

Crocs shares were trading at $18.70 at mid-day Thursday, compared to $8.50 on Aug. 9, 2017.

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4 favorite Gonzaga basketball teams

The basketball court at the McCarthey Athletic Center is photographed before an NCAA college basketball game between Gonzaga and BYU, Feb. 25, 2017. (AP Photo/Young Kwak) (Young Kwak / AP Photo)
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While we look ahead to future seasons of Gonzaga Bulldog basketball , it’s fun to look at highlights from past years.