Fashion Empress
Apr 2008
17
17
The Crocs fever is almost coming to an end. Gone are the days when people have become so frantic with the latest Crocs designs. The all rubber/plastic footwear has invaded a lot of countries and was even once sported by a president while on a relaxation mode.
According to reports, has sadly cut its first quarter estimates. It is now even closing its Canadian manufacturing operation because of the loss and the low sales this year.
Not only are revenue predictions down $25 – $30 million, but earnings per share have gone from a 46 cent a share profit to either break-even or a 5-cent per share loss. That really hurts!
This entry was posted
on Thursday, April 17th, 2008 at 2:04 am and is filed under fashion, Fashion News.
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