Jeff Lasher

Crocs said late Monday it would exit badly performing stores, slash jobs, and streamline operations, sending shares of the plastic clogs retailer up more than 12 percent on Tuesday. Niwot, Colo. based Crocs said it would explore strategic alternatives and terminate product development of unspecified non core brands; shut down or convert between 75 and 100 company-owned storefronts — 18 of which will be

Crocs beat quarterly estimates as its colorful plastic clogs sold well, but its second-quarter forecast fell short of market expectations. The company also named Jeff Lasher as its new chief financial officer. Lasher was Crocs' principal accounting officer and interim principal financial officer since January 2011.

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