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Interview with Ric Cabot

Ric Cabot
Ric Cabot
Founder & CEO
Darn Tough Vermont
Darn Tough Vermont

If you can wear out our socks, we will replace them free of charge
Darn Tough Vermont is a family owned, American manufacturer of end-use-specific socks. The company designs, manufactures, sells, and promotes comfortable, durable, and best-fitting socks which are backed up by an unconditional lifetime guarantee. Speaking to Fibre2Fashion, Founder & CEO Ric Cabot discusses outdoor and sport-specific sock manufacturing and retailing.

Can you share the inspiration behind starting Darn Tough and what motivated you to focus on creating durable socks specifically?

In the early 2000s things were getting tough in the hosiery business. We were primarily doing private label and then there was a shift. Our customers started offshoring. We moved quickly and realised that we needed to offer something that could keep the lights on and give the market what it was not getting. Did the world need another Merino sock – maybe, maybe not. Did the world need a Merino sock focused on comfort, durability, and fit – made in Vermont USA that came with an Unconditional Lifetime Guarantee – yes.
 

Darn Tough is renowned for its lifetime guarantee on socks. How did you come up with this unique business approach, and how has it influenced your brand’s identity?

At inception, it was something that nobody else was doing. People thought we were crazy for offering a lifetime guarantee. We quickly realised that not only are people drawn to the guarantee, but we could learn from it. Every sock that comes back as part of our lifetime guarantee is examined by our folks here at the mill and then recycled. Now, that guarantee means everything. It is our USP, our values are steeped in the idea.

What strategies did you employ to establish Darn Tough as a reliable and preferred choice among outdoor enthusiasts?

Our overarching strategy was to focus on outdoor. Our products are category-specific which means that each category is hyper-tailored for the customer’s needs in that category. Height, weight, targeted cushioning, enhanced durability, amount of specific material – each sock is designed with unbelievable amounts of research and technical prowess. People see through gimmicks and fast fashion. By creating the best product and backing it up by an unconditional lifetime guarantee, the strategy builds itself. Once people try our socks and realise that we have a guarantee because we believe in our own products that much, they become loyalists.

Your company emphasises the importance of quality and durability. Could you elaborate on the R&D process that goes into creating socks that meet these standards?

We focus on comfort, durability, and fit – in that order. Our process is extremely robust, and this is one of the places where owning our mill(s) is a game changer. Quality assurance and continuous improvement are change management. Change to make new products. Change to source better materials. Change to the process. Change to make socks better. If we do not change, we do not grow. We hold the standard and have for almost 20 years.

How has e-commerce and digital marketing played a role in your brand’s growth and connection with customers?

While brick-and-mortar launched in 2004, we did not launch a direct-to-consumer business until 2017. We got here because of relationships, so launching our own e-commerce was not something we took lightly. Fast forward to 2023 and we look at our e-commerce in two ways. One, we do not want to compete with our retailers but sell alongside them. Two, be the brand and tell our story like only we can. Digital marketing has been a focus for us as we continue to learn about our consumers and their shopping habits.

How does your company address environmental concerns in its manufacturing processes and materials?

This is important – not only because we are seeing increasing pressure from our customers, especially those in the outdoor industry, but also because we have always been committed to being a responsible corporate citizen and recognising the impact of our actions and decisions across our workforce, our community, and the broader world. Last year, we elevated the sustainability role at Darn Tough, and we are in the process of laying out a longer-term strategy. For now, we are looking at the big picture of our carbon footprint and considering the full lifecycle of a sock from our raw materials choices to the energy use of our own manufacturing facilities, and all the way to what we do with the socks that come back through our warranty programme.

Could you share any notable collaborations or partnerships that have helped Darn Tough reach a wider audience?

Like I mentioned before, relationships are what got us where we are today. There is our athlete Mirna Valerio who challenges stereotypes every day. Another one of our athletes, Trevor Kennison, was the first sit skier to drop into Corbett’s in Jackson Hole. Our long-time partnership with the High Fives Foundation provides support to athletes after life-altering injuries. All of these relationships are symbiotic because we respect them, and they respect us. Together, we are able to put emotion and stories into our products.

How do you manage the challenges that come with honouring a lifetime warranty while maintaining business sustainability?

Our warranty has been a key layer of our ability to build trust and learn from our customers as well as hold ourselves accountable to our comfort, durability, and fit standards. We learn from both what we get back and what we do not get back. If there is a comfort, durability, or fit issue we can iterate in real time and improve certainly if not today’s product, tomorrow’s. We own the mill(s) and we take advantage of that.

Looking ahead, what exciting developments or goals does Darn Tough have in store for the future, both in terms of product offerings and overall brand direction?

We make one thing, and we make it better than anyone else. We live by the mantra ‘We Have Yet to Produce our Best Sock’ and that is something that will not change. We do not innovate for innovation’s sake. It is about identifying a market and solving a problem. We are in the process of launching a new premium sock brand that services a market that currently is not being serviced. So, looking ahead to us means always innovating, always adapting, always learning, and always growing.

How has the increasing focus on sustainable and eco-friendly products influenced the design and manufacturing processes within the outdoor clothing and gear industry?

More consumer demand has meant added pressure on manufacturers like us, but it also means more demand, and as a result, more innovation along the supply chain. So, there are new opportunities and resources available that may not have come to fruition without that pressure and aggregated demand. The socks that come back from our unconditional lifetime guarantee and our knitting waste are all recycled and repurposed for things like seat stuffing, dog beds etc.

The outdoor industry has seen a rise in direct-to-consumer brands. What advantages and challenges does this model present in comparison to traditional retail channels?

We service both and we respect both. The advantage of D2C is the ability to be nimble. The advantage of traditional retail channels is human interaction. To touch and feel a product brings the experience to an entirely different level. They each pay for themselves and have immense value.

How has the integration of smart textiles and wearable technology impacted the functionality and user experience of outdoor apparel and gear, including socks?

Our socks are wearable technology! Sock knitting is a fascinating process. A sock looks nothing like the cone of yarn it came from. Sock knitting machines may have been the first 3D printers.

Could you discuss some of the key innovations in materials and technologies that have enhanced the durability and functionality of socks?

While our innovation team works to maintain and grow stature with our customers, we have yet to find anything better than the three ingredients we have always used and continue using to this day: Merino wool, nylon, and Lycra. We are always paying attention to the changing needs of our customers. Not only is it what we use, but it is how we use it and how we knit it that separates us from everybody else.

The concept of ‘fast fashion’ contradicts the durable and long-lasting ethos of outdoor products. How does the industry address the need for durability while balancing consumer expectations for new trends and styles?

With regard to the industry, it is very customer and market specific. Our socks are end-use specific (running, hiking, skiing etc), and that customer, that market, is less concerned with fast fashion and more concerned with the comfort, durability, and fit of a quality product that lasts. Our socks look good, but if they do not last and they do not perform, what is the point?
Interviewer: Shilpi Panjabi
Published on: 12/09/2023

DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.