Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus [MSNBC.com]
Allbirds, Inc. (BIRD)
Company Research
Source: MSNBC.com
Key PointsIn this articleA woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.Al Drago | Bloomberg | Getty ImagesShoe brand"This is an important step for Allbirds, as we drive toward profitable growth under our turnaround strategy," CEO Joe Vernachio said in a statement. "We have been opportunistically reducing our brick-and-mortar portfolio over the past two years. By exiting these remaining unprofitable doors, we are taking actions to reduce costs and support the long-term health of the business."Allbirds said it will continue to operate two outlet stores in the U.S. and two full-price stores in London.The sustainable shoe companygot its startjoined a number of DTC companiesNow, as rents rise, physical retail loses its shine and being digitally native becomes more important, Allbirds and other DTC companies have begun toshift their focusIn itsthird-quarter earnings reportAllbirds has a $32 million market cap but has seen
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BIRD
News
- Allbirds Teams Up with Justine Lupe, Elaine Welteroth, Nikki DeRoest, and Grace Cheng for “Say Yes” Campaign Celebrating Everyday Movement [Yahoo! Finance]Yahoo! Finance
- Allbirds Teams Up with Justine Lupe, Elaine Welteroth, Nikki DeRoest, and Grace Cheng for “Say Yes” Campaign Celebrating Everyday MovementGlobeNewswire
- Pioneering retail chain closing dozens of stores, no bankruptcy [Yahoo! Finance]Yahoo! Finance
- Allbirds to shutter remaining US full-price stores by February 2026 [Yahoo! Finance]Yahoo! Finance
- Allbirds is closing its last brick-and-mortar store in San Francisco [Yahoo! Finance]Yahoo! Finance
BIRD
Earnings
- 11/6/25 - Beat
BIRD
Sec Filings
- 1/28/26 - Form 8-K
- 12/4/25 - Form 4
- 12/4/25 - Form 4
- BIRD's page on the SEC website