Sustainable footwear brand Allbirds has unveiled its latest innovation, the ‘Plant Pacer’ sneaker featuring 100 percent plastic-free plant leather made from all-natural materials such as rubber and plant oils. The ‘Plant Pacer’ marks a further step into the lifestyle footwear category for Allbirds, while also championing what it calls a “truly...
13 Sept 2022
Sustainable footwear brand Allbirds is launching a playful slider for summer in collaboration with fashion designer Rosie Assoulin. The Allbirds x Rosie Assoulin Sugar Slider was born through a “shared appreciation for natural materials,” explains the footwear company and their “synergistic passion for sustainability”. Launching on June 15,...
15 Jun 2022
Sustainable footwear label Allbirds has announced it has opened two new stores in the US, both centred around the local communities they are situated in. In Chicago, the brand has launched a new retail store and community centre in the city’s Fulton Market, similar to its other new location in Nashville’s Green Hills. The openings mark the B...
17 May 2022
Allbirds is continuing to push the boundaries of sustainable footwear with its new Tree Flyer running shoe that has a carbon footprint of just 9.92-kilogram CO2e, all of which is offset to zero. The Tree Flyer is a cushioned running shoe, which has been designed to showcase Allbirds’ innovative technology, use of renewable natural materials, and...
9 May 2022
Footwear and apparel brand Allbirds has reported widening losses despite record revenue in the fourth quarter boosted by strong Christmas sales. The San Francisco-based company reported net revenue of 97.2 million dollars in the fourth quarter ending December 21, an increase of 23 percent compared to a year earlier and an increase of 43 percent...
24 Feb 2022
Lifestyle brand Allbirds, Inc. has launched Allbirds ReRun, a new resale platform, in partnership with Trove, a recommerce company. ReRun is part of Allbirds’ holistic commitment to sustainability and will initially offer customers at three stores the option of trading in their preloved Allbirds shoes for 20 dollars in store credit. Following...
17 Feb 2022
The figures speak for themselves - the sneaker business is still booming. More than 1.5 billion US-dollars were raised by sneaker companies this year. The green sneaker label Allbirds is just the latest example. So who are the other companies that have benefited from fresh funding? 4 million The sneaker investment app Rares is based on an idea...
3 Dec 2021
Shares in sustainable shoemaker Allbirds fell in after-hours trading Tuesday after reporting mixed third-quarter earnings. Allbirds enjoyed a 33 percent year-on-year sales increase for the period although missed market’s expectations with its full-year sales outlook. The environmentally conscious footwear brand reported revenue of 62.7 million...
1 Dec 2021
Allbirds was expected to raise up to 268.8 million dollars with a valuation of more than 2 billion dollars. Its market value was based on the 143 million shares expected to be outstanding once the deal closed. The comfortable, sustainable show brand however sold more shares than expected, setting for a market capitalization of 3.75 billion...
8 Nov 2021
On Tuesday, Allbirds shares sold for 15 dollars a pop, assigning a value of 2.1 billion dollars to the company. Shares were originally marketing in a range of 12 dollars to 14 dollars, but an enthusiastic response helped them beat expectations. Shares were trading at 24 dollars at one point briefly giving Allbirds a market cap of 4 billion...
3 Nov 2021
Sustainable footwear and apparel brand Allbirds aims to raise up to 269 million dollars in its upcoming IPO. The San Francisco-based company said Tuesday it plans to sell 19.2 million shares of its Class A common stock at a price of between 12 dollars and 14 dollars per share. The upper end of that range would give the brand a valuation of over...
26 Oct 2021
Sustainable shoe company Allbirds has opened up a store in Cambridge, Massachusetts. The store is located on Brattle Street, and is the brand’s second store in the Boston area. Allbirds already has 32 locations worldwide, with stores in North America, Asia and Europe. Demonstrating its commitment to sustainability, the new store displays the...
18 Oct 2021
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