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07/17/2009 01:41 PM ID: 79679 Permalink   

Crocs Have Till September to Live

 

The once-trendy and colorful shoe company has fallen from favor. The recent economic downturn has left the company millions of dollars in debt. The company made history with the largest stock offering ($200 million) in shoe history.

They now have until September to pay off its debt. The company made $168.2 million in 2007, only to lose $185.1 million last year. The company laid off 2,000 employees and replaced the CEO in an effort to return a profit.

Actor George Clooney has even promised to work with the company.

 
  Source: www.washingtonpost.com  
    WebReporter: Tarheel68 Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  11 Comments
  
  God, finally  
 
Those shoes are @@#in annoying!
 
  by: jediman3     07/17/2009 04:48 PM     
  Meh  
 
Do the thrifty thing and buy the Sketecher knock-offs at any of those Dollar type stores, they even come with the plug things to change the style. Plus the Sketcher ones have a thinner looking toe area.
 
  by: TaraB     07/17/2009 05:13 PM     
  Celebrate good times come on!  
 
Finally those ugly shoes will be gone forever!
 
  by: slavefortheman     07/17/2009 05:18 PM     
  Not cool  
 
They're comfy shoes and not too expensive. I also own stock in them, so I really hope they get their sh*t together!
 
  by: captainchainsaw   07/17/2009 06:39 PM     
  Here.  
   
  by: Kolman   07/17/2009 07:43 PM     
  Quick, stock up on croc butter!  
 
Hehehe, oh dear...pardon me.
 
  by: H. W. Hutchins   07/17/2009 08:07 PM     
  ahhhh...  
 
I remember, there was a financial advice show, believe it was MSNBC. Fast Money maybe. There was one girl, without looking it up I believe it was Karen Finerman, and she was super excited to be pumping money into this company and knew that it was going to be a wonderful return on investment.

It really shows that these self proclaimed experts don't belong telling people what to do with their money.

I'm no financial expert, but after looking at the design of those shoes I could tell you that they wouldn't be selling that many. Not for longer than any other stupid fad lasts at least.
 
  by: teh_epic     07/18/2009 12:22 AM     
  Do you mean...  
 
"Until" ?
 
  by: jamesmc   07/20/2009 08:35 AM     
  Spelling correction...  
 
The word 'till' makes no sense there whatsoever. It is a noun.

I'm assuming the word there is the contraction 'til which is short for until.

Either that or Crocs have a till called September that helps them live. Sounds a bit weird though.
 
  by: chiffington   07/20/2009 03:42 PM     
  @chiffington  
   
  by: tarheel68     07/30/2009 03:01 AM     
  @The Fashion Police  
 
Since when is it anyone elses effing business what I put on my feet? Think my shoes are ugly? Keep it to yourself.

99% of the people who even bother to say that think the only shoe Crocs puts out are the Caymans (Yes, the ones with the holes), but if you'd bother to actually look at their website (Or the ad I'm seeing at the top of this page right now), you'd realize that they offer a very diverse line.

I had a rough job that kept me on my feet and away from home for 14 hours a day. If it wasn't for Crocs, I would probably be on disability by now.
 
  by: YuSaKu     07/30/2009 03:36 AM     
 
 
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