Crocs is struggling hard; good news for some
Crocs seem to be the ugliest shoes on the planet to some, but a lot of people like them, but it may not be enough to save them.
Crocs recently ran into issues with the company and it could be blamed on the economy more than lack of interest in the shoe line…..Or is it? The company recently cut over 2,000 jobs and lost $185.1 million last year, and to top it off the company is stuck with several shoe styles that just aren’t able to peek the interest of anyone lately, which means a lot of debt.
Crocs came on the scene in 2002 and became the number one shoe for many people. A lot of shoe companies had a hard time keeping up with them as the demand for Crocs grew.
For those who love Crocs, the good side of the issue is the company has till September to pay off their mounting debt that is ranged in the “millions” and they have recently come out with new styles to help with the sales. Hopefully these new styles will get those who snob Crocs interested in the line once again or at all. Here is one new style that you are sure to appreciate.
Croslite Patricia: This Croc shoe comes in the colors of black, silver and black, pearl and pink, brown and light brown, brown and blue, khaki and white, navy blue and lavender, fuchsia and white. They have a slightly elevated heel, three-strap style that holds the shoe on the foot and a very light weight in design. They are currently being sold for under $40.
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