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Slippers Are The New Crocs

crocsREASONS to be cheerful: The death of Crocs.

In 2007, Crocs boasted a profit of $168.2 million. In just one year, the company found itself struggling with debt, The Washington Post reports. It lost $185.1 million and cut 2,000 jobs while its stock price fell 76 percent. Now, the company has until September to pay back its losses.

The killer shoes are dead.

Long live the… Slippers!

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Posted: 22nd, July 2009 | In: Fashion | Comment | Comments RSS feed:RSS 2.0