In the News: "Crocs Shoe Company Stumbles During Recession"

"Once-Trendy Crocs Could Be On Their Last Legs"

About time, really. It's a shame to hear about 2,000 people losing their jobs, but I don't think a company that "swung from a profit of $168.2 million in fiscal year 2007 to a loss of $185.1 million last year" is what you would call "financially stable" company that a person might expect to find good, long-term employment. Go, Crocs; join leisure suits in a melted pile of plastic irrelevance.

Luden's Outfitters closing

Since I, like most superstar bloggers, am awesome at breaking news stories before they come to the attention of the masses, I thought I would inform you that Luden's Outfitters down in Charleston is closing its doors after 140 years. I found this out last week on a forum that I occasionally post on, but you may have actually read about it in the Post & Courier article that was published back on April 6th.

For those who are unfamiliar with Luden's, it is a store down in Charleston where one might go to buy some waders, a kayak, a bow tie or a Barbour jacket. It's a little off the beaten path (i.e.- not right on King Street or the touristy part of East Bay Street), but worth visiting before they close the doors. While the article does a pretty good job explaining about the history of the store, I think that for a lot of Charlestonians it represented one of the things about the city that didn't change, no matter how many million dollar condos were built or how many Ohioans flooded the city.

Upon hearing about the closing, I asked one of my classmates, practicum teammates, Charleston native, and all-round badass, Charles Fitzhenry (pictured adjacent) if he had heard the news. He said that he had and had gone in there the day that their "Going out of business" sale started. In talking with one of the guys there, he was told that their landlord jacked up the rent on their lease and that they couldn't afford it (seemed to me like kind of a strange reason to completely go out of business). Anyways, the guy said that they were going to kind of see where things go with the economy and maybe open it back up again when things get better. This is all secondhand information, though, so take it for what it's worth.

Although I was disappointed to hear that Luden's won't be around any longer, I can't say that I was completely shocked by the news. At least in Charleston, if not everywhere else, I think that the outfitter/clothing store model is becoming increasingly difficult to pull off. Because there are so many retail options out there, especially with the internet, there doesn't seem to be much need for a store to be a "pretty good" outfitter and a "pretty good" clothing store (which I think would pretty accurately describe Luden's). These companies need to choose one or the other and be "really good" at whichever they pick. An example of this in Charleston is M. Dumas & Sons. From what I understand, they used to be much more of an outfitter than they are today, but they seem to have really minimized that portion of their store and are now mostly sell preppy clothing to tourists (which is a great market). To some extend, I feel that LL Bean also falls into this category.

Anyways, although I only visited Luden's twice, I am sad that I won't be able to drop in there next time I am down in Charleston (nor be able to pick up a belt with their logo on it).

September Madness

Who is your money on?
(click the image for a larger view)

"A wonderful tribute to a man who is inspiring 10's of people"

Larry Langford, mayor of Birmingham, is a dumb-ass. Frankly, that is putting it lightly, but I suppose I will refrain from using worse language on the blog. Fortunately, the New York Times has realized this and recently published an article entitled "Mayor Pushes Skeptical Birmingham to Dream on an Olympic Scale." I think that the first two paragraphs do a good job of summing up this point:

"BIRMINGHAM, Ala. — In his first year as Birmingham’s mayor, Larry P. Langford has proposed a $500 million domed stadium, a $125 million law enforcement complex and a $33 million trolley car network.

But those ideas were dwarfed by Mr. Langford’s proclamation this month: He wants the Olympics."

This whole article really made me frustrated to read. I worry about going back to Birmingham after I finish up grad school and having to deal with the consequences of his time on County Council and as mayor. The only hope is that he doesn't get reelected next term. Perhaps if the people who voted for him last time would read the following sentence, they might realize just how stupid he is: “There’s all this talk about inflation, recession. I choose not to participate. I just don’t have this defeatist attitude.”

Now for something completely different

Which way out of rising gasoline costs?

Interesting article on the in's and out's, pro's and con's of the current oil situation in the U.S.