Blog: Billions of dollars, two pairs of shoes

Joe Ayling | 21 September 2010

New York mayor Michael Bloomberg has caused a stir in the fashion world by confirming he only owns two pairs of work shoes.

Bloomberg, a billionaire, prefers to have his black loafers resoled than to buy new ones. In fact, he's had the soles of his shoes repaired so many times he can't even remember what brand they are, according to media reports.

With many celebrities having a shoe cupboard the size of a small house, his minimalist approach to footwear is somewhat refreshing - if a little worrying for retailers. Media guru Bloomberg prefers to share his wealth with a New York cobbler, who I assume is making a healthy living on tips alone.

One advantage of the 'Bloomberg method' of buying shoes is that storing the two he's not wearing is nothing more than a stroll through Central Park.


BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

BLOG

Trump trade policies and China tensions top concerns

This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...

BLOG

Happy New Year – and a first look at 2017

Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....

BLOG

New re:source to help unravel sourcing decisions

Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...

just-style homepage



Forgot your password?