Why Don’t People Want TOMS Anymore?

In the early 2010s, wearing TOMS was a statement that meant that you were fashionable and philanthropic. The brand was valued at <a href="https://www.businessinsider.com/rise-and-fall-of-toms-shoes-blake-mycoskie-bain-capital-2020-3" rel="noopener ugc nofollow" target="_blank">$625 million</a> in 2014, but by 2019, creditors took over the company. The company had a $300 million loan due in 2020, and it wasn’t expected to be able to pay it off. Like most fashion trends, TOMS doesn’t seem to be infinitely popular. But, it hoped its charitable efforts would prolong its favor in the public’s eye. Despite this, the shoes are far less popular than they were in prior years. You can still buy them, but there are many reasons why people are spending their dollars elsewhere. <a href="https://beausoleil.medium.com/why-dont-people-want-toms-anymore-1cf1c58291cc">Read More</a>