*By Samantha Errico* When Bombas co-founder Randy Goldberg learned that socks were the most-requested item in homeless shelters, he became "obsessed" ー and turned his fixation into a company so he could solve the shortage. Goldberg told Cheddar Thursday that most homeless shelters ー for reasons of hygiene ー don't accept donated socks. Eventually, he launched Bombas to manufacture a durable, yet comfortable sock that shelters could use. "For us, we saw a problem that we wanted to help solve," he said. According to Goldberg, the problem may have been simple, but the solution was anything but. In fact, he said the socks ー designed with high-quality fibers and honeycomb structure to stay up on wearers' heels ー took almost two years to develop. "There is nothing simple about the sock," Goldberg said. His design team built two versions: one for regular customers, another for the homeless population. For every pair purchased, his company donates one pair to a shelter. To date, the company has donated over 12 million pairs of socks. "It's part of our DNA," Goldberg said of this business model. In order to be more transparent with customers, the e-commerce company has launched "The Bombas Directory," an interactive platform that connects customers to over 1,700 of Bombas' giving partners. The socks, at $12 a pair, aren't cheap ー but Goldberg set the price to offset both the cost of design and the advanced technology involved in the construction. What about that pesky laundry room problem? Bombas has a solution for that too: the company just launched a "Laundry Back Guarantee" feature that replaces socks its customers lost to laundry machines and cavernous dryers. For full interview [click here](https://cheddar.com/videos/bombas-is-on-a-mission-to-bee-better-by-giving-back-socks).

Share:
More In Business
Disney content has gone dark on YouTube TV: What you need to know
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Load More