Allbirds is struggling to soar high after going public, with the company recording the first quarter of negative growth in its nearly decade-long history. The direct-to-consumer (D2C) shoe company fell short of full-year sales and profit targets, but its leadership believes with some adjustments, it...
Digitally native brands, especially those that sell tactile products like footwear, are seeing an offline opportunity in opening flagship stores in major cities. Shoe brand Allbirds, in particular, has brought a large retail space in New York City. That new location, a 4,800-square-foot store in...
Claiming to have the “world’s most comfortable shoe” is a big statement. There are a lot of sneaker manufacturers out there ready and quite willing to dispute that assertion. But Allbirds isn’t quite your average shoe company. Their fanbase — though smaller than, say, Nike’s — is...
August 08, 2023
Direct-to-consumer (D2C) clothing and footwear retailer Allbirds on Tuesday (Aug. 8) posted “better-than-expected” second quarter earnings, amid decreases in average selling prices, currency exchange headwinds and an overall challenging macroeconomic environment. This comes as the San Francisco-based footwear brand continues to focus on transforming its business to drive growth. According to Q2 results, the company posted […]
