The Glossy Podcast

Toms' Amy Smith: 'We've inspired many, many companies to be purpose-driven'


Listen Later

Protests continue around the country and world three weeks after George Floyd's death at the hands of a Minneapolis police officer. This new instance of police violence caught on video has boosted public support for Black Lives Matter while driving policy changes from governments, police departments and companies.

Toms is used to building strategies around public good. "We're incredibly proud to have inspired many, many companies to be purpose-driven," Amy Smith, the company's chief giving officer, said on the Glossy Podcast.

The original, core initiative behind the company -- to donate a pair of shoes to those in need for every pair purchased -- isn't exactly adjacent to the public challenges facing America today. But the shoe company is among dozens of beauty and fashion brands that have donated to Black Lives Matter, and it plans on contributing another $100,000 in the next three months.

Beyond that, Toms is looking at its own practices. "We're taking the time now to do a full assessment of what our business and employment practices are, so we can create a baseline and share with our customers, very transparently: 'What is a plan for change for Toms?'"

Toms anticipates it will cross the 100 million pairs donated mark sometime this year, according to Smith, and since 2018 it has also funded grants for socially-inclined nonprofits. The company also now donates a third of its net profits.

Last December, Toms agreed to a takeover from its creditors led by Jefferies Financial Group Inc., Nexus Capital Management LP and Brookfield Asset Management Inc., in exchange for restructuring its debt.

...more
View all episodesView all episodes
Download on the App Store

The Glossy PodcastBy Glossy

  • 4
  • 4
  • 4
  • 4
  • 4

4

252 ratings


More shows like The Glossy Podcast

View all
Breaking Beauty Podcast by Dear Media, Jill Dunn and Carlene Higgins

Breaking Beauty Podcast

914 Listeners

The Business of Fashion Podcast by The Business of Fashion

The Business of Fashion Podcast

575 Listeners

SheerLuxe Podcast by SheerLuxe

SheerLuxe Podcast

87 Listeners

Second Life by Second Life

Second Life

2,857 Listeners

Dressed: The History of Fashion by Dressed Media

Dressed: The History of Fashion

1,504 Listeners

The Glossy Beauty Podcast by Glossy

The Glossy Beauty Podcast

158 Listeners

Let's Get Dressed by Liv Perez

Let's Get Dressed

276 Listeners

Gloss Angeles by Kirbie Johnson and Sara Tan

Gloss Angeles

733 Listeners

The Run-Through with Vogue by Vogue

The Run-Through with Vogue

705 Listeners

The Who What Wear Podcast by Who What Wear

The Who What Wear Podcast

95 Listeners

The Grand Tourist with Dan Rubinstein by Dan Rubinstein

The Grand Tourist with Dan Rubinstein

256 Listeners

The Nordy Pod by Pete Nordstrom

The Nordy Pod

346 Listeners

The Debrief by The Business of Fashion

The Debrief

44 Listeners

Fashion People by Audacy | Puck

Fashion People

227 Listeners

Fashion Neurosis with Bella Freud by Bella Freud

Fashion Neurosis with Bella Freud

245 Listeners

Aspire with Emma Grede by Emma Grede | Audacy

Aspire with Emma Grede

616 Listeners