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.
BusinessPundit has a good roundup of 20 other brands/products that have died this year.
Collateral Damage 