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.
A fire that started in a garage badly damaged a home in Scripps Ranch on Sunday morning, a fire official said.
A seemingly wayward hot air balloon landed in a Ramona field on Sunday much to the surprise of on-lookers.
Several residents of an apartment complex in El Cajon were displaced Sunday after a driver accidentally crashed into their building.
An allegedly-intoxicated driver crashed down an embankment after trying to evade a pursuing sheriff's deputy Saturday night.
San Diegans are going online to raise money to help make ends meet amid a partial government shutdown prolonged by a impasse over President Trump's demand for a wall along the U.S.-Mexico border.
Waterfront Park in downtown San Diego played host to thousands of people demonstrating in the third annual Women's March, which also took place in dozens of other cities across the country.
Three people robbed a San Carlos jewelry store on Saturday afternoon, then fled before officers were able to arrive, police said.