The colorful landfill-filling life-threatening shoes are headed to that great fire sale in the sky. Despite selling 100 million pairs in seven years, the company lost $185 million last year, dumped a third of its workers and have to find someone willing to adopt all their surplus shoes. Why not try the time-tested method of flushing them down the toilet in NYC?
"The company’s toast," said Damon Vickers, who manages an investment fund at Nine Points Capital Partners in Seattle. "They’re zombie-ish. They’re dead and they don’t know it."
Zombie-ish? Love it, but can you be slightly zombie? Isn’t being zombie like being pregnant? It’s either yes or no.
On the brighter side – for those of us who don’t live in Florida – real crocs are doing great. There population has rebounded from just 200 in 1975 to more than 2,000 and they were removed from the endangered species list two years ago.