Was Peter Lynch Wrong? Crocs and Other Trendy Companies [View article]
For starters, Crocs was never a teen trend, in fact it was the one demographic that no effort was made to capture.
Even though the management is rotten, the product was a winner as a new genre of comfort shoe. I think they have an enduring niche with small kids, hospital/food service workers, boaters, and people who like low maintenance comfort shoes. Owning various types of shoes is what most of us do, it's not a zero sum situation.
There are no apparel makers not facing headwinds in this recession. Management is the main issue with CROX right now.
Was Peter Lynch Wrong? Crocs and Other Trendy Companies [View article]
Even though the management is rotten, the product was a winner as a new genre of comfort shoe. I think they have an enduring niche with small kids, hospital/food service workers, boaters, and people who like low maintenance comfort shoes. Owning various types of shoes is what most of us do, it's not a zero sum situation.
There are no apparel makers not facing headwinds in this recession. Management is the main issue with CROX right now.