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    Attention Croc wearing pansies
    #1
    Bobcat
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    Talking 07-16-2009 05:15 PM
    company is going down, better buy some soon
    Once-Trendy Crocs Could Be on Their Last Legs


    By Ylan Q. Mui
    Washington Post Staff Writer
    Thursday, July 16, 2009

    Crocs were born of the economic boom.

    The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bright, they were a cheap investment (about $30) that felt good and promised to last forever. Former president George W. Bush wore them. Aerosmith lead singer Steven Tyler wore them. Your grandma wore them. They roared along with the economy, mocked by the fashion world but selling 100 million pairs in seven years.

    Then the boom times went bust, and Crocs went to the back of the closet.

    The company had expanded to meet demand, but financially pressed customers cut back. 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.
    Parabellum FJ²B
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    #2
    Chris
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    07-16-2009 05:17 PM
    Croc wearing pansies. That's funny.

    Unless it happens to be Mike Tyson on Crocs.
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    #3
    cigdaze
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    07-16-2009 05:24 PM
    Damn shame, I tell ya.
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    #4
    MarylandMark
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    07-16-2009 05:28 PM
    100M pairs in 7 years.....and they are broke? WTF- what are they about 7 cents a pair to make?
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    #5
    Bobcat
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    07-16-2009 05:36 PM
    they still have plenty of "concept cruiser" left
    Attached Thumbnails Attached Thumbnails crocs-pd.jpg  
    Parabellum FJ²B
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    #6
    DollaBill
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    07-16-2009 05:39 PM
    thank god.
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    #7
    JupiterSunsation
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    07-16-2009 05:47 PM
    Wanna bet Stecz cleans out all the retailers in his area so he will have a lifetime supply...
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    #8
    MOBILEMERCMAN
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    07-16-2009 05:57 PM
    I got 2 pair and love them. Probably won't need any more for a while.
    Jim
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    #9
    phragle
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    07-16-2009 06:20 PM
    people don't realize common consumer marketing... when you fad product is selling well...., dont spend mega bucks to gear up to make 10 X's as many. by the time your ready the fads done. when your fad product is at it's zenith, you should be well into design and possibly the beginning of production on the next fad product.... or you could be broke trying to sell chicks Bongo jeans and LA gear hitops......
    P-4077 "The Swamp" S.B.Y.C. and Michigan medboat mothership
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    #10
    Dude! Sweet!
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    07-16-2009 06:27 PM
    "they were a cheap investment"

    Investment? In what, your reputation as a raving f*cking homo?!


    "Tear gas and draft beer don't mix."
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    #11
    Buoy
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    07-16-2009 06:31 PM
    Quote Originally Posted by JupiterSunsation View Post
    Wanna bet Stecz cleans out all the retailers in his area so he will have a lifetime supply...
    The smart thing to do would be to buy them all up cheap, on the speculation that in 15-20 years someone is going to want the stupid things again.
    "Keep the bottle on the bar Ira, I won't be long".
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    #12
    DollaBill
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    07-16-2009 06:36 PM
    Quote Originally Posted by Dude! Sweet! View Post
    "they were a cheap investment"

    Investment? In what, your reputation as a raving f*cking homo?!
    we have a winner!
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    #13
    tommymonza
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    07-16-2009 07:57 PM
    They would detorate to powder. I had a large shoe store and the foam rubber on shoes breaks down even if it never left the box in an A/c building.New Balance would do this after a year many years ago . They stood behind their product though and are one of the last American made shoes out there.
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    #14
    Buoy
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    07-16-2009 08:05 PM
    Quote Originally Posted by tommymonza View Post
    They would detorate to powder. I had a large shoe store and the foam rubber on shoes breaks down even if it never left the box in an A/c building.New Balance would do this after a year many years ago . They stood behind their product though and are one of the last American made shoes out there.
    Can't I buy a vacuum-sealer from the Sham-wow guy, or the late Billy Mays?
    Don't go bursting my bubble, and pizzing on my retirement plan...
    "Keep the bottle on the bar Ira, I won't be long".
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    #15
    JupiterSunsation
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    07-16-2009 08:10 PM
    Quote Originally Posted by phragle View Post
    people don't realize common consumer marketing... when you fad product is selling well...., dont spend mega bucks to gear up to make 10 X's as many. by the time your ready the fads done. when your fad product is at it's zenith, you should be well into design and possibly the beginning of production on the next fad product.... or you could be broke trying to sell chicks Bongo jeans and LA gear hitops......
    Tell the Bongo jean, LA gear rep there is a party in Jersey this weekend......
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    #16
    JupiterSunsation
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    07-16-2009 08:12 PM
    Quote Originally Posted by Buoy View Post
    The smart thing to do would be to buy them all up cheap, on the speculation that in 15-20 years someone is going to want the stupid things again.
    Just have the plans/materials ready to start production, they only cost 7 cents a pair to make! I suspect this is going to be a knocked off product for years to come.....
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    #17
    Buoy
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    07-16-2009 08:31 PM
    Quote Originally Posted by JupiterSunsation View Post
    Just have the plans/materials ready to start production, they only cost 7 cents a pair to make! I suspect this is going to be a knocked off product for years to come.....
    But then I'd have to have the tooling and equipment, labor and facility costs...

    Much cheaper to plan ahead!
    "Keep the bottle on the bar Ira, I won't be long".
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    #18
    DollaBill
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    07-16-2009 08:35 PM
    Quote Originally Posted by JupiterSunsation View Post
    Tell the Bongo jean, LA gear rep there is a party in Jersey this weekend......
    NOW THATS FUNNY!!!!!!!!
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    #19
    fund razor
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    07-16-2009 08:50 PM
    Quote Originally Posted by JupiterSunsation View Post
    Tell the Bongo jean, LA gear rep there is a party in Jersey this weekend......
    That is pretty dam funny.
    Warning: This post may contain language unsuitable for minors or math not suitable for liberal-arts majors.
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    #20
    fund razor
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    07-16-2009 08:51 PM
    Tell the hairspray rep too.
    Warning: This post may contain language unsuitable for minors or math not suitable for liberal-arts majors.
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