Slippers Are The New Crocs
by Anorak | 22nd, July 2009
REASONS 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!
You heard it here first, fashion watchers…
Posted: 22nd, July 2009 | In: Fashion Comment | TrackBack | Permalink
