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$148M Loss Bites Into Crocs

Demand for colorful clogs tanks

By Peter Fearon,  Newser Staff

Posted Nov 13, 2008 3:02 AM CST

(Newser) – Crocs, the maker of hugely popular colorful plastic clogs, suffered a $148 million third quarter loss on a 32% drop in demand in Europe and the US. The Colorado-based company has shuttered a factory in Canada, will close another in Brazil next month, and has...   Read full story »

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