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Sunday
Jul262009

Crocs Dead

I really hate and/or detest Crocs. I used to shake my head at all of those who bought and wore those ugly things. Well, apparently I won't have to complain about them anymore. It appears they won't exist after September.

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. But as people continue to throw their Crocs in the back of the closet, the company is left with a surplus of shoes and little consumer interest.

To Quote Another Blogger:
"I think there are only a few proper ways to wear Crocs:

  1. If you are an infant, or a young child who don’t like having to tie your shoes and or enjoy rolling around in the dirt.
  2. You are a gardener who uses them for their original purpose.
  3. You attend a very, very liberal arts college such as Reed College or Swarthmore and feel “warm and at home” in the Crocs.
  4. You live in an apartment with unsanitary bathroom floors and don’t feel comfortable showering without Crocs on.
  5. You are a celebrity and wish to start a “new craze” with little kids by placing them on your children clearly in front of the paps."

"The company is toast," Damon Vickers, manager of an investment fund at Nine Points Capital Partners in Seattle, told The Washington Post. "They're zombie-ish. They're dead and they don't know it."

   --- Definitely a proper ending for something so ugly!