24/7 Wall Street is reporting that Crocs is among the “Twelve Major Brands That Will Dissappear.”
The Web site’s story says that “the company’s shares traded at more than $72. Now they change hands at well below $2. At the end of March, Crocs got a six-month extension of a critical credit facility. According to Reuters, ‘Crocs Inc averted a cash crunch by winning an 11th-hour credit facility extension with a California bank, but analysts say the jury is still out on whether the struggling brand can turn around.'”
Click here to see who else is on the list of brands not expected to survive.