Wednesday, April 22, 2009

The Fall of Crocs

I don't understand why Crocs was popular at one point. Since when people look at lesbians housewives for fashion trends ?? I just read this report that Crocs' revenue and share price fell. Crocs grew quickly from its start in 2002 to the company's initial public offering in 2006, as its brightly colored clogs became ubiquitous. Sales growth continued in 2007, but many fashion experts said the Crocs trend had peaked. Crocs has broadened its offerings, adding sandals, loafers and even boots, many of them in muted colors.

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