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Crocs Maker Appears Headed Toward Bankruptcy

First Posted: 08/18/09 06:12 AM ET Updated: 05/25/11 02:40 PM ET

Crocs Annual Report

washingtonpost.com:

Crocs were born of the economic boom.

The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bright, they were a cheap investment (about $30) that felt good and promised to last forever. Former president George W. Bush wore them. Aerosmith lead singer Steven Tyler wore them. Your grandma wore them. They roared along with the economy, mocked by the fashion world but selling 100 million pairs in seven years.

Read the whole story: washingtonpost.com

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Filed by Lila Shapiro  |