What product is made by the company 'Crocs Inc'?
Crocs Crocs Crocs, Inc. is a company that distributes and once manufactured a foam clog shoe. Crocs was founded by Scott Seamans, Lyndon "Duke" Hanson, and George Boedecker, Jr. to produce and distribute a foam clog design acquired from a company called Foam Creations. The shoe was originally developed as a boating shoe. The first model produced by Crocs, the "Beach", was unveiled in 2002 at the Fort Lauderdale Boat Show in Florida, and sold out the 200 pairs produced at that time. It has since sold 300 million pairs of shoes. In June 2004, Crocs purchased Foam Creations and their
Crocs had accumulated a 5% passive stake in Crocs. On 21 July 2014, Crocs, Inc announced a restructuring plan to streamline its operations and workforce by eliminating 180 jobs, close 75 to 100 stores (out of 624 worldwide) as well as scrapping underperforming product lines. Crocs has previously eliminated 183 positions, including 70 current and planned positions in its corporate headquarters in Niwot, Colorado. Crocs also announced they would open a "global commercial center" with 50 to 75 employees in Boston, Massachusetts in 2014, for merchandising, marketing and retail functions. In August 2018 Crocs announced it was closing its last company