13th May 2009

crocs footwear widens deficit

crocs-takes-a-turn.jpg

Shoedish got blasted by a reader the other day for a harmless post we wrote on Crocs in September of 2008. While we were merely sharing information we found from another source, we won’t try to defend ourselves from ridiculous Croc fans who think it’s necessary to curse at an individual for having a negative opinion on their beloved brand. That said, we just thought we’d mention that Crocs is struggling right now. Footwear News reports that the Crocs brand recorded a net loss of $22.4 million in the first quarter and has reduced inventory (on a year-over-year basis) by 51%. You can blame it on the economy, but we like to think that people are wising up…that’s what we’ll continue to tell ourselves anyway.

*To read the full article on Crocs at Footwear News, CLICK HERE.

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This entry was posted on Wednesday, May 13th, 2009 at 1:43 pm and is filed under Industry News, Kids Footwear, athletic shoes, casual shoes, clogs, men's shoes, vegan-friendly. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There are currently 2 responses to “crocs footwear widens deficit”

Why not let us know what you think by adding your own comment! Your opinion is as valid as anyone elses, so come on... let us know what you think.

  1. 1 On May 15th, 2009, Kaka said:

    Crocs have always been, and will continue to be, UGLY

  2. 2 On May 16th, 2009, Pam Walter said:

    I think the ones pictured with your post are actually pretty cute.

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