As much as I dislike reporting on another company in trouble, I cannot say that I'm sorry about the news that ugly shoe-maker Crocs is having financial woes.
Crocs are the rubberized, clog-like sandal "shoe" that gained popularity a few years ago and have since become standard fare on the feet of adults and children. My beef is that they became replacement wear for all footwear and, in my opinion, were continuing proof of the dumbing down of American style.
The company's auditors have expressed "substantial doubt" about the firm's ability to continue as a growing concern. Sales have fallen and the fad appears to have died away.
Here's hoping that Earth Shoes don't make a comeback as a Crocs alternative.