Take Two for August 14, 2013

Are Crocs going extinct? Shoe company reports 43 percent drop in profits

A sample of Crocs shoes on display in a

TIMOTHY A. CLARY/AFP/Getty Images

A sample of Crocs shoes on display in a midtown New York City shoe store 21 February 2007. Crocs is an American company founded by Lyndon "Duke" Hanson, Scott Seamans, and George Boedecker in July 2002 in Boulder, Colorado.

Since they first hit the streets in 2002, more than 200 million pairs of Crocs have been sold worldwide. But now it seems those colorful foam clogs appear to be on their way out, soon to join the ranks of saddle shoes, Tevas and jellies.

Crocs' stock fell sharply last month after reporting a 43 percent decline in second-quarter profits. Some places have even started banning them for safety reasons.

For more on the rise and fall of the Croc, we're joined now by L.A.-based fashion writer and author Melissa Magsaysay.


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