B Corp footwear brand Allbirds has launched a winter capsule collection with British fashion brand Shrimps. The three-piece monochromatic capsule aims to celebrate “urban exploration and a curious mindset, blending functionality with a fun aesthetic,” and sees Shimps reimagining Allbirds fan-favourite hiking shoe, the Trail Runner Fluff, by...
9 Dec 2024
Footwear brand Allbirds has announced the signing of two new partners to oversee the distribution of its products in Europe and Latin America. From July 1, 2025, Chris sports will be the exclusive distributor of Allbirds across Austria, France, Germany, Italy, Liechtenstein and Switzerland, while Uruguay-based Wystam will launch the brand in...
11 Nov 2024
American footwear company Allbirds has reported a loss in the third quarter of 2024, while sales fell 24.9 percent to 43.0 million dollars, compared to 57.2 million dollars in the same quarter last year. CEO Joe Vernachio emphasised the company's progress in achieving its strategic goals, despite financial challenges. The company is reducing its...
7 Nov 2024
For the second quarter ended June 30, 2024, sports footwear brand Allbirds continued to tackle declining revenues amid an ongoing transformation plan that is now embarking on its next phase. While some positivity could be seen in narrowing losses for the period, which dropped to 19.1 million dollars from 28.9 million dollars in the same period...
8 Aug 2024
Allbirds has announced the appointment of Jason Israel as VP of design, effective June 1. Israel reports to the company’s chief design officer, Adrian Nyman. The company said in a release that Nyman and Israel – alongside the recent addition of a new color & materials leader, Ailsa Cordon-Michell, formerly associated with The North Face and...
18 Jul 2024
Allbirds fourth quarter net revenue decreased 14.5 percent to 72 million dollars, while net loss widened to 56.8 million dollars or 37 cents per basic and diluted share. Full year net revenue decreased 14.7 percent to 254.1 million dollars versus a year ago and net reached 152.5 million dollars or 1.01 dollars per basic and diluted share. The...
13 Mar 2024
Lifestyle brand Allbirds Inc. has announced two new distribution deals in Japan and Australasia, transitioning the company from direct selling to a distributor model across four international regions. From June 1, Goldwin will become the exclusive Allbirds distributor in Japan, and from July 1, Compendium Group will be the brand’s first...
8 Mar 2024
Lifestyle brand Allbirds has announced the appointment of two new executives to its leadership team amid an ongoing transformation period focusing on inventory reduction, cost control and operational cash use. Kelly Olmstead, Allbirds’ former SVP of brand and marketing, has been promoted to chief marketing officer, a role she brings over 25...
18 Jan 2024
Allbirds, Inc. net revenue decreased 21.2 percent to 57.2 million dollars compared to the third quarter of 2022 and decreased 8.7 percent compared to the third quarter of 2021. Net revenue in the first nine months decreased 14.8 percent to 182.1 million dollars and increased 1 percent compared to the first nine months of 2021. For the fourth...
9 Nov 2023
Sportswear and footwear brand Allbirds has announced two new agreements with distributor partners in Canada and South Korea as it looks to move towards a third-party model. The company, which had initially adopted a direct go-to-market strategy, made the shift as part of its ongoing Strategic Transformation Plan which it announced earlier this...
25 Sept 2023
Allbirds has reported net revenue of 70.5 million dollars in the second quarter ended June 30, down 9.8 percent from a year earlier, but up 3.8 percent from two years ago. The San Francisco-based company, which went public in 2021, attributed the year-on-year drop primarily to a decrease in average selling price driven by promotional activity,...
9 Aug 2023
B Corp footwear brand Allbirds has launched a capsule collection with London-based fashion designer Olivia Rubin, known for her use of colour. For the sneaker collaboration, Rubin has injected her signature pastel aesthetic into Allbirds’ Riser silhouette taking inspiration from the pastel hues of Notting Hill’s townhouses. The new Riser...
10 Jul 2023