A story published in the Washington Post that raised questions about the company's health prompted Crocs' president and CEO John Duerden to publicly assure consumers and investors about Croc's viability.
In a blog on the crocs.com webiste, Duerden wrote, “Critics who suggest we are a one-shoe company couldn't be more wrong…We face challenges resulting from rapid growth. We've taken action to address those challenges.”
The Washington Post article posted on July 17, “Once-trendy Crocs Could Be on Their Last Legs,” explored the company's recent challenges that had made the once $70 stock tumble to around $3.00. It also questioned Crocs' ability to make a critical September debt payment.