Another massive leap for mens crocs the rubber shoe maker
The maker of mens Crocs, the ubiquitous colourful plastic clogs, enjoyed a 138% leap in annual sales last year as its footwear emerged as one of the fashion trends of 2007 with fans from Hollywood to the White House and the royal family.
The shoes’ Colorado-based manufacturer saw its annual revenue surge from $354m (£183m) to $847m, while its profits leapt by 161% to $168m. But Crocs’ management tempered expectations for ongoing growth, sending its shares down sharply and delivering the latest in a series of blows to its standing on Wall Street.
