this is me.... & more!: July 2009

Friday, July 17, 2009

Crocs' Downfall

Would this mean.... price slash? Hehehe... ü

The shoes were hitting a saturation point; the problem with a nearly indestructible product is that shoppers rarely need to replace it.

Who needs a second pair of Crocs in a recession, particularly when the first pair is holding up just fine?

The company swung from a profit of $168.2 million in fiscal year 2007 to a loss of $185.1 million last year. In its annual report, Crocs said that an independent auditor expressed concerns about "conditions that raise substantial doubt about our ability to continue." Its stock price has plummeted 76 percent.

posted by *~bLuSh~* @ 7/17/2009 08:53:00 PM 0 comments

About Me

Name: *~bLuSh~*
Home: Manila, Philippines
About Me: I'm: VAIN, hyperactive, outgoing, stubborn, impulsive, critical, lazy, paranoid.... LOVES: music, dining, reading, sleeping, my iPod, perfumes, cyberspace, bags, going out, pictures, GOD-family-friends *^_^*
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