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Is Crocs saying goodbye?
Fans of the colourful rubber footwear panicked last week when news began to swirl online that Crocs will soon stop making Crocs.
But the company has since clarified that it is not shutting down, with consumers worldwide heaving a sigh of relief.
Rather, the company will be going ahead with plans to close its last manufacturing facility in Italy and will now fully outsource the production of its shoes.
The company would continue to make its signature footwear through third-party manufacturers, a Crocs spokesman told US broadcaster CNBC .
The rumours were sparked after Crocs released a statement on its website on Aug 7, without elaborating on its details.
The statement read: "In connection with ongoing efforts to simplify the business and improve profitability, during the second quarter, the company closed its manufacturing facility in Mexico and moved ahead with plans to close its last manufacturing facility, which is located in Italy."
Twitter users did not take the news well.
One user wrote: "Having an existential crisis: Kif has informed me Crocs will be shutting down in the near future."
Last Thursday, Crocs replied to the user's tweet and said: "False alarm: We aren't going anywhere."
https://www.straitstimes.com/world/...ews-of-factory-closing-sparks-panic-on-social
cannot go anywhere... confirm means they are stuck with lotsa unsold goods.
Fans of the colourful rubber footwear panicked last week when news began to swirl online that Crocs will soon stop making Crocs.
But the company has since clarified that it is not shutting down, with consumers worldwide heaving a sigh of relief.
Rather, the company will be going ahead with plans to close its last manufacturing facility in Italy and will now fully outsource the production of its shoes.
The company would continue to make its signature footwear through third-party manufacturers, a Crocs spokesman told US broadcaster CNBC .
The rumours were sparked after Crocs released a statement on its website on Aug 7, without elaborating on its details.
The statement read: "In connection with ongoing efforts to simplify the business and improve profitability, during the second quarter, the company closed its manufacturing facility in Mexico and moved ahead with plans to close its last manufacturing facility, which is located in Italy."
Twitter users did not take the news well.
One user wrote: "Having an existential crisis: Kif has informed me Crocs will be shutting down in the near future."
Last Thursday, Crocs replied to the user's tweet and said: "False alarm: We aren't going anywhere."
https://www.straitstimes.com/world/...ews-of-factory-closing-sparks-panic-on-social
cannot go anywhere... confirm means they are stuck with lotsa unsold goods.
