Thursday, July 23, 2009

Kill Those Crocs!

Finally it seems those horrid shoes, Crocs, are about to take a tumble. As an avid hater of the shoe, even a facebook group hater, I am excited to read reports showing the company is no longer doing that well. Hopefully we will see less of these mishaps.
Last year the company lost $185.1 million, slashed roughly 2,000 jobs and scrambled to find money to pay down millions in debt. Now it's stuck with a surplus of shoes, and its auditors have wondered if it can stay afloat. It has until the end of September to pay off its debt. - washington post

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