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

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Aug 14, 2013

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

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.

New York, UNITED STATES: 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. Originally intended as a boating/outdoor shoe because of its slip-resistant, non-marking sole, crocs introduced its first model, the Beach at the Ft. Lauderdale Boat Show and has become one of the most trendy shoes in the United States. AFP PHOTO Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

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.

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.