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Allbirds announces opening of community-inspired stores

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

Fashion |In Pictures

Allbirds launches new sustainable running shoe

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

Business

Allbirds losses widen despite record quarterly sales

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

Fashion

Allbirds launches resale with Trove

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

Business

Over 1 billion dollars - that’s how much sneaker companies raised in 2021

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

Business |ANALYSIS Featured

Allbirds gains analysts’ confidence despite mixed Q3 results

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

Business |ANALYSIS Featured

Three takeaways from Allbirds IPO

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

BusinessFeatured

Allbirds Valued at 2.16 billion after IPO

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

Business

Allbirds aims to raise up to 269 million dollars in New York IPO

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

Business

Allbirds opens new store in Cambridge, US

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

Fashion

Three sustainable shoe brands to keep an eye on

Comfortable sneakers, pared-back boots or polished oxfords, FashionUnited has selected three shoe brands for which sustainability is key. Allbirds With already more than a million pairs of sneakers sold in the US and the UK, Allbirds has reached cult status in terms of comfortable everyday sneakers. The new-zealander brand creates timeless...

1 Sept 2021

Fashion

Sustainable brand Allbirds expands into activewear

Sustainable fashion brand Allbirds has become the latest company to enter the fast-growing activewear market. The San Francisco-based business said Tuesday it has launched its first performance apparel collection, called Allbirds Natural Run Apparel, after two years and more than 70 iterations. The collection is made using Eucalyptus Tree fibre...

17 Aug 2021