The Silver Lining of the Recession

See you in hell Crocs.

Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) posted a deep quarterly loss on Wednesday as sales of its colorful plastic shoes plunged and it racked up high restructuring costs, sending its shares down 37 percent in extended trade.

...In addition to crumbling U.S. consumer spending, news that Crocs can get caught in escalators and cause injuries has also hurt the company, together with the plethora of knock-off shoes in the marketplace, and a recent European Union ruling that a Crocs patent is invalid.


underneath said...

I guess they are old and thinking comfort - with no style or dignity left. Frightening!

TheSundayBest said...

The craziest part of that story - Crocs once traded at over $90 a share.

Giancinephile said...

I wish that one day I may see no one wearing a pair of Crocs in my city. To hell with it, that's for sure!!!