|| Print ||
|Articles - August 2011|
|Wednesday, July 20, 2011|
Page 1 of 2
By Ben Jacklet
Carrie Atkinson was 26 and frustrated with the lack of job opportunities in Portland when she decided to start her own company selling fun, colorful socks. She found an importer by looking through the phone book (that’s right, the phone book), traveled to Korea with two big suitcases and filled them with her first 2,000 pairs of socks.
Now Atkinson is 32 and running a well-known business that grew by 90% in 2010. She’s got 6,000 Facebook fans, a far-flung team of creative designers, a solid group of wholesale customers, a growing portfolio of fashion photos in magazines and container after container of socks flowing from Korea to meet demand. She’s considering delving into a line of men’s socks in collaboration with Portland entrepreneur Nitin Khanna and making plans to delve into lingerie after making friends with a woman who runs a manufacturing plant in China.
Sock It to Me is known for its “cool girl” promotions and its fresh, bold styles that are “a little crazier than the other stuff out there,” in Atkinson’s words. But Atkinson’s approach has been far from crazy. She didn’t buy more socks until it was clear her first batch was selling at the Portland Saturday Market. She saved her pennies until she could afford a booth in the big Las Vegas apparel trade show, Magic. She got a $250,000 bank loan on her home and built up her credit for six years before taking out a second loan. She is not indebted to venture capitalists or angel investors. She owns 100% of the company.
“I felt like I was led by the customer, which is a little less risky in my eyes,” she says. “I never got too far ahead of the customers.”
Not only does Atkinson encourage her customers to lead the company, she also encourages them to design her socks. A few years ago she began running full-page ads in the Portland Mercury and Willamette Week that doubled as design-a-sock contest entries, to be colored in by local artists. Contest winners get $500 and the cachet of seeing their art turned into a commercial product. Non-winners with ideas good enough to go to design get $200.
“It was just an idea that made sense to me,” says Atkinson. Sock It to Me has found some of its top designers in this manner, and the local — and now international — contests bring in thousands of new design ideas while also building name recognition. Atkinson estimates that about 80% of the business’s design lines come from crowd sourcing. The most recent contest drew 2,500 submissions; winners come from Sweden, Britain and El Salvador.
The customer designs lead directly to new products. “We get those designs through the contests, we tweak them, we assign the colors and we email that image over to Korea,” says Atkinson. “I have a business partner there and he negotiates with the factory. He is our quality control and he gets all the shipping documents prepared, and he gets a commission per pair.”
Thursday, March 26, 2015
Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.
Tuesday, March 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.
Thursday, April 23, 2015
BY JASON NORRIS | GUEST BLOGGER
There are winners and losers with a strengthening U.S. dollar.
Thursday, April 09, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Bend has reclaimed its prerecession title as one of the fastest growing cities in the country.
Wednesday, April 01, 2015
BY LINDA BAKER
Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.
Wednesday, February 25, 2015
BY KIM MOORE | OB RESEARCH EDITOR
|Bike Chic: 7 stylish options for cyclists|
|Beam Me Up|
|Get on the bus!|
|Emperor of the Sea|
|The Road to Reinvention|
|Epitaph for a Boondoggle|
|FLOTUS: Tech industry to train, hire 90K vets|
|'Man-made' earthquakes becoming more frequent, powerful|
|FCC poised to block Comcast, Time Warner merger|
|Dunkin' Donuts, Domino's lead junk food revival|
|Pulitzer-winning journalist chooses PR|
|Taco Bell up, Chipotle down|
|Lilly Pulitzer line at Target crashes site|
A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.