Prices rise at Vivobarefoot to counter increasing costs
01/08/2023
Founder Galahad Clark, of the Clarks Shoes family, explained that as a “fiercely independent and self-funded family business” this meant some of those costs would have to be passed on.
He said: “I’m proud of the fact that we don’t cut corners, we’re a top scoring B Corp and genuinely pursuing regeneration in everything we do for people and planet. But unfortunately, being unconventional wisdom, this comes at a cost, and we’ve got a long way to go.”
The company recently launched made-to-order scan-to-print VivoBiome, several circular solutions through ReVivo and natural health educational content through VivoHealth.
Last year, Vivobarefoot sold around 750,000 shoes, around 20% more than in 2021, with revenues of £49.4 million. However, profit was only £400,000 which it said was “quite a way short of our expected figure” in part due to Covid-19 impacts, which meant it air freighted stock to meet demand following delays at suppliers in China.
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