×
45 106
Fashion Jobs
BATH & BODY WORKS
Senior Merchandise Planner
Permanent · Reynoldsburg
BATH & BODY WORKS
Talent Acquisition Manager - Logistics - Bath & Body Works - Columbus, oh
Permanent · Reynoldsburg
VICTORIA'S SECRET
Manager, Marketing Operations
Permanent · New York
VICTORIA'S SECRET
Brand Operations Manager-Southridge vs
Permanent · Greendale
FOSSIL
Connected Devices - Senior Product Manager
Permanent · San Mateo
GUESS
Distribution Supervisor
Permanent · Louisville
GUESS
Divisional Merchandise Manager
Permanent · Los Angeles
JCPENNEY
Incident Manager - Business Analyst 2
Permanent · Plano
JCPENNEY
Security Engineer 2 - IT Security & Compliance
Permanent · Plano
JCPENNEY
Senior Technical Project Manager - Stores Pos Delivery
Permanent · Plano
JCPENNEY
Product Analyst - Enterprise Fulfillment & Order Management
Permanent · Plano
FOOT LOCKER
IT End-User Support Specialist
Permanent · Bradenton
FOOT LOCKER
Manager, Visual Experience, Ftl/Lfl/Kfl
Permanent · New York
FOOT LOCKER
Inventory Control Specialist
Permanent · Camp Hill
NEIMAN MARCUS
Business Manager, Chanel - Westchester
Permanent · White Plains
NEIMAN MARCUS
Senior Manager, Group Sales Experience - Bal Harbour
Permanent · Bal Harbour
NEIMAN MARCUS
Senior Manager, Group Sales - Ala Moana
Permanent · Honolulu
NEIMAN MARCUS
Manager, Brand Experience/PR/ Events - Tysons Galleria
Permanent · McLean
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Denver
NEIMAN MARCUS
sr. Product Manager – Ecommerce Shopping Experience
Permanent · Irving
BLOOMINGDALE'S
Manager, Operations - Chanel
Permanent · New York
BLOOMINGDALE'S
Outlet Keyholder Selling, Full Time: Riverhead
Permanent · Riverhead
Published
Nov 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Toms rejigs giving model

Published
Nov 25, 2019

Toms, the shoe brand with a charitable backbone founded by Blake Mycoskie, is further changing its donation strategy, shifting away from its ’one-for-one’ giving model. 

Twitter @toms


As the name suggests, the ‘one-for-one’ model, conceived by Toms in 2006, gives one pair of shoes to a person in need for every pair of shoes purchased by a customer. In a 2019 impact report released by the company on November 20, Toms announced that it will now operate a new giving model, where it will put $1 into its charity fund for every $3 made from a sale. 

Now, the company will continue to give out shoes, use its eyewear sales to provide vision aid, and give out clean water as a product of its ‘Toms Roasting Co.’ coffee sales. In addition, the one-for-one model will still be used for select collections. 

“This report is a testament to everyone in the fiercely passionate Toms community,” said Amy Smith, Toms chief giving officer. “I hope our customers are as excited and proud as we are to look back and see the incredible power of their purchases over the years and the impact they have had on so many lives.”

The latest expansion of Toms’ giving model comes as the company continues to be the subject of bankruptcy rumors, as it struggles to pay down debt; five years after bringing in over $300 million in investment funds from the private-equity firm Bain Capital. Bain, which purchased a 50% stake in the company in 2014 at a $600 million valuation, is also reportedly considering selling the brand.  

Toms first began expanding its giving model in 2018; the year the company donated $5 million to organizations working to end gun violence. More recently, Toms further broadened its scope with the launch of the ’Stand for Tomorrow’ initiative in May, a program that allows customers to choose from a selection of causes and allow their purchase to contribute to it.

To date, Toms has donated over 95 million pairs of shoes, and plans to reach 100 million in 2020. 

Copyright © 2021 FashionNetwork.com All rights reserved.