TOMS news and archive

Marks & Spencer expands third-party footwear offer with Skechers, Crocs and Toms

Marks & Spencer has announced an expansion to its third-party footwear offer as part of its ‘Brands at M&S’ retail concept, with the introduction of Skechers, Crocs and Toms. It comes as the department store retailer continues to see an opportunity for growth in market share for the footwear category, while it prepares to utilise its already...

Fashion

Toms enters the metaverse with its first NFT collection

Footwear brand Toms is bringing its social impact model to the metaverse with their first NFT collection to raise money for its impact partner, International Medical Corps. Toms has created 10 limited-edition NFTS that showcase the key moments in the footwear brand’s history. From the first classic Alpargata that started it all in 2006 to its...

Business

Toms places giving focus on mental health charities

Toms is continuing to support grassroots charities with the launch of 10 giving grants of 10,000 US dollars to mental health-focused organisations. The Toms 10x10 donation is in celebration of World Mental Health Day and has been designed to fund access to resources for people to take the “first step” into bettering their mental health. The...

People

Toms taps new joint COO and CFO

US footwear brand Toms has appointed Dorothy Sadd as its new joint chief operating and chief financial officer. Sadd took up the new position in September, according to LinkedIn, and joins from LA-based brand Unique Vintage where she has served in the same joint role since April 2019. Earlier in her career, she was vice president Europe at Vans...

Business

Toms invested 2 million dollars in communities in 2021

Footwear brand Toms has unveiled its 2021 impact report, the first since changing its business model away from its ‘One for One’ giving model to a new impact strategy where it invests a third of profits to grassroots organisations. In 2021, Toms has revealed that it donated more than 2 million dollars in cash grants to community-based...

Business

Toms names first European grassroots partner

Footwear brand Toms has named The Advocacy Academy as its first UK grassroots partner, following the evolution of its giving model away from One for One to donating a third of its annual net profits to grassroots organisations announced in April 2021. The Advocacy Academy is a youth organising movement based in Brixton, South London working to...

Fashion |In Pictures

Toms go “bigger and bolder” with new Mallow

Footwear brand Toms is continuing its evolution with a new iteration of its iconic Alpargata slip-on shoe, the Mallow, which has been designed to modernise and “push the brand’s boundaries”. Described as bigger, bolder and “seriously plush,” the Mallow features the signature Toms canvas upper with a supersized sole made from rubber and EVA. The...

BusinessFeatured

Toms “evolving” giving model alongside new youthful visual identity

In its 15th year, footwear brand Toms is moving away from its pioneering One for One giving model to a new impact strategy, which will see it donate a third of its annual net profits to grassroots organisations. The evolution of its new giving model is in response to the question it has been asking itself, “are we having the greatest impact,”...

Video

Video: The rise and fall of footwear brand Toms

At one point, shoe brand Toms was valued at 625 million dollars. Today however, the company is struggling with massive debt. Founded by Blake Mycoskie, the Toms mission was to give back with its' "One for One" donation model. Business Insider looks into what went wrong with Toms and analyses why it had trouble growing beyond its original product...

Fashion

Toms to donate one-third of net profits to Covid-19 relief

US footwear brand Toms is donating one-third of its net profits to help those affected by the Covid-19 health crisis. The money will go to the Toms Covid-19 Global Giving Fund which currently supports Americares, International Medical Corps, Partners in Health, WaterAid and UK-based mental health organization The Mix. “Toms has always been in...

Business

Creditors take ownership of Toms Shoes

Toms Shoes has transferred ownership of the company to its creditors to restructure its debt. Reuters first reported the news following a letter sent by the company to its employees at the end of December. Previously, Toms was owned by brand founder Blake Mycoskie and private equity firm Bain Capital. The group of creditors taking over ownership...

Retail

Klarna brings alternative payment solutions to Toms

Klarna has announced yet another brand partnership.The quickly-growing global alternative payments provider, which allows customers to buy now and pay later, has now teamed with charitable footwear company Toms. This news follows Klarna's announcement of U.S. and UK partnerships with Man Repeller, Superdry, Rue21, Abercrombie & Fitch and H&M...