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ALLBIRDS news and archive

Everything you need to know about: Allbirds

Allbirds is known for its innovative and sustainable footwear. The brand has conquered the market in just a few years, persuading customers with minimalist shoes that focus on ecological factors. Origin Allbirds was launched in 2016 by former soccer player Tim Brown and industrial engineer Joey Zwillinger. Evolution The brand, which was...

Nov 21, 2022

ManagementFeatured

Allbirds Q3 sales up, retains full year guidance

Net revenue at Allbirds increased 15.9 percent to 72.7 million dollars and increased 53.8 percent compared to the third quarter of 2020. Adjusted net revenue increased 15.1 percent to 72.2 million dollars. The company said in a release that the increase in revenue is primarily attributable to an increase in the number of orders, driven by retail...

Nov 10, 2022

Fashion Featured

Allbirds launches first plant-based leather sneaker

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...

Sep 13, 2022

Fashion |In Pictures

Allbirds launches collaboration with Rosie Assoulin

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,...

Jun 15, 2022

Retail

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...

May 17, 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...

May 9, 2022

Report

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...

Feb 24, 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...

Feb 17, 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...

Dec 3, 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...

Dec 1, 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...

Nov 8, 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...

Nov 3, 2021