×
40 794
Fashion Jobs
H&M
Logistics Wms Manager
Permanent · Burlington
CLINIQUE
Retail Beauty Sales Manager - Clinique - (Midrivers) - st. Peter's, mo
Permanent · Saint Charles
AVEDA
Director, Retail Marketing (Fss), Aveda North America
Permanent · Blaine
TAPESTRY
sr. Manager, Merchandising - Women's Outlet Bags
Permanent · New York
TAPESTRY
Project Manager, Store Construction
Permanent · New York
TAPESTRY
Senior Art Director - Brand Creative
Permanent · New York
TAPESTRY
Buyer, Men's Outlet
Permanent · New York
TAPESTRY
Director, Creative Project Management
Permanent · New York
ROSS STORES
District Manager
Permanent · Birmingham
ROSS STORES
sr. Manager, Cross Dock & Store Delivery Transportation Procurement
Permanent · Fort Mill
ROSS STORES
sr. Manager, IT (Store Systems)
Permanent · Dublin
ROSS STORES
sr. Accountant, Inventory Control
Permanent · Dublin
ROSS STORES
Vice President, Workforce Strategy & Analytics
Permanent · New York
ROSS STORES
sr. Manager, Store Strategy And Method Improvements
Permanent · Dublin
ROSS STORES
IT Senior Manager (Supply Chain Warehouse Core Systems)
Permanent · Fort Mill
ROSS STORES
IT Manager i (New Store Openings, Store Systems)
Permanent · Dublin
ROSS STORES
Real Estate Law Attorney, Director
Permanent · Dublin
ROSS STORES
Merchant Operations Manager (Compliance)
Permanent · New York
ROSS STORES
Loss Prevention Associate
Permanent · Rock Hill
ROSS STORES
Coordinator, Legal Compliance
Permanent · New York
ROSS STORES
IT Manager i (Host Security Delivery)
Permanent · Dublin
ROSS STORES
Loss Prevention Associate
Permanent · Fort Mill

Crocs to cut Chinese production for U.S. market

By
Reuters
Published
today Jun 11, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the U.S. market by more than two-thirds over the next year, as it guards against the impact of President Donald Trump’s trade war with Beijing.


Instagram: @crocs



The casual footwear maker’s rubber designs have made it a popular choice over the last decade among older Americans looking for functional footwear for gardening or the beach. It has also become trendy in the past year with millennials as ironic “ugly” fashion.

Crocs also said it will have to wear costs of $5 million over the next year, assuming a 25% tariff takes effect on Aug. 1. The company made $1.09 billion in sales last year and earned about $50.4 million.

“Our current sourcing mix reflects our need to balance ramping up incremental supply to meet the growing demand for our product and continuing our multi-year effort to reduce our sourcing from China,” the company said in a statement ahead of an industry conference on Tuesday.

Crocs, which typically sources footwear from several third-party manufacturers, primarily in Vietnam and China, said it would source less than 10% of U.S. products from China by 2020 compared to about 30% currently.

Last month, companies including Crocs, Nike Inc and Under Armour, urged Trump to remove footwear from a proposed list of additional tariffs that would impact $300 billion worth of Chinese goods.

Shares of the company were up 3% at $19.85 in early morning trading.

© Thomson Reuters 2019 All rights reserved.