What is a penny loafer?

The penny loafer is a classic style of shoe that features a slip-on design and a strap across the front with a small slit or opening, where traditionally a penny could be inserted for good luck. This timeless shoe style originated in the 1930s and was popularized by the American brand G.H. Bass & Co. The penny loafer is typically made of leather and has a low, flat heel, making it a comfortable and versatile choice for both casual and more formal occasions. It is a staple in men's footwear and has also become popular for women's fashion in recent years. The penny loafer is known for its sleek and timeless design, making it a popular choice for those looking for a stylish and classic shoe option.