Once-trendy Crocs could be on last legs

Courtesy MSNBC.com: Business  Thu, 07/16/2009 - 00:36

Crocs Inc., which swung from a %168.2 million profit in 2007 to a $185.1 million loss last year, has until September to pay off its debt.Crocs were born of the economic boom, but when the times went bust, the foam clogs went to the back of the closet.

Indeed, the story of Crocs mirrors the country's tale of economic expansion and contraction.



 

Related items

Once-Trendy Crocs Could Be on Their Last Legs
Crocs were born of the economic boom. Then the boom times went bust, and Crocs went to the back of the closet. The company had expanded to meet demand, but financially pressed customers cut...

For 2012, Signs Point to Little Gain in Consumer...
Although retail sales have remained relatively strong, high levels of consumer debt make it unlikely that rapid growth will help power economic expansion.

After-Hours Movers 10/17: (SB) (SFSF) (NR) Higher;...
Crocs (Nasdaq: CROX) 36% LOWER; cuts its Q3 EPS guidance from about 40 cents to 31-33 cents, which compares to the Street estimate of 40 cents. Lowers its sales outlook from about $280...

Samsung SCX-4200 3-in-1 True Multifunction Printer
The SCX-4200 Digital Productivity Center is a low cost black and white laser printer, delivering 3 in 1 true multifunction performance with professional laser output.Keep your valuable real...

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com