Founded in Massachusetts by Charles H. Alden in 1884, the Alden Shoe Company is now in its fourth generation and is the oldest shoemaker in New England. This exclusive-to-J.Crew take on the classic penny loafer is made with a supple suede upper and finished with a Goodyear welt—which means these shoes can be resoled, ensuring that they're worth every penny (including the two you put in the slots). Suede upper. Rubber sole. Imported. Select stores.