The company has partnered with Modern Meadow, becoming the first brand to launch footwear made from INNOVERA™SAN FRANCISCO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Today, Allbirds introduced Terralux™, a new footwear collection crafted with INNOVERA™, a next-generation bio-designed material developed by Modern Meadow. The leather alternative is crafted from plant-based proteins, biopolymers, and recycled Nylon 6 sourced from end-of-life tires. Completely animal-free, INNOVERA™ is engineered to look, feel, wear, a ...

The campaign introduces the retro-inspired Varsity Collection alongside the new Dasher NZ, the latest evolution of Allbirds’ best-selling active shoeSAN FRANCISCO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Allbirds today unveiled its Spring/Summer 2026 campaign, “Say Yes,” a celebration of everyday movement starring actress Justine Lupe, editor and TV host Elaine Welteroth, celebrity makeup artist Nikki DeRoest, and entrepreneur Grace Cheng – each embodying intentional movement, balancing passion, purpose, and full ...

Digital-native retailers have struggled to find the right balance between online sales and opening brick-and-mortar locations. Having physical retail stores helps in that customers can sample products, which could lead to them becoming regular online customers. I bought my first Untuckit shirt, for example, in a physical store after trying it on. Since then, I have purchased multiple times from the company's website. Brick-and-mortar chains, however, cost money and can be a drag on profits compared to s ...

Allbirds shoe brand announced on Wednesday that it will close almost all of its U.S. stores by the end of February (except for two outlets) and go online, turning to e-commerce instead. It will continue to operate two London-based brick-and-mortar locations as well. Most Read from Fast Company Fast Company has reached out to Allbirds for more details about the locations that will be closing. “This is an important step for Allbirds, as we drive toward profitable growth under our turnaround strategy,” All ...

Core Insights - Allbirds is closing almost all of its physical stores by the end of February, leaving only two outlet stores in the US and two full-price stores in London [1][2] - The CEO of Allbirds stated that this move is part of a turnaround strategy aimed at achieving profitable growth by reducing costs and exiting unprofitable locations [2] - The company, founded in 2015, quickly gained popularity among tech employees but has struggled financially since going public in 2021, with a current market capitalization of approximately $32 million and stock prices hovering at just a few dollars per share [4] Company Overview - Allbirds was established in San Francisco and became known for its comfortable yet minimalist footwear, appealing primarily to tech workers [3] - The brand raised significant venture capital, leading to an inflated valuation before its public offering, which has since resulted in financial difficulties [4] Market Context - The closure of Allbirds stores may signify a shift in the tech industry, where the perception of job stability has changed, and companies are now more focused on efficiency and cost-cutting [5][7] - The nostalgia for the mid-2010s tech culture is evident, as the current economic climate contrasts sharply with the previous era of perceived stability and growth [8]

Core Viewpoint - Allbirds is shifting its focus from physical retail to online sales to enhance profitability, closing its remaining full-price stores in the U.S. by the end of February [1][2]. Group 1: Company Strategy - The CEO of Allbirds stated that the closure of unprofitable stores is a crucial step towards achieving profitable growth under a turnaround strategy [2]. - The company has been reducing its brick-and-mortar presence over the past two years to cut costs and support long-term business health [2]. - Allbirds will maintain two outlet stores in the U.S. and two full-price stores in London, indicating a strategic pivot rather than a complete exit from physical retail [2]. Group 2: Market Context - Allbirds originated in Silicon Valley and gained traction during the direct-to-consumer boom, going public in 2021 [3]. - The rise in rents and the declining appeal of physical retail have prompted Allbirds and other direct-to-consumer companies to prioritize digital sales [4]. Group 3: Financial Performance - In its third-quarter earnings report, Allbirds reported a 23.3% decline in net revenue compared to the same period the previous year, largely due to changes in international distribution and store closures [5]. - Net revenue from U.S. stores decreased by approximately 20% year-over-year [5]. - The company has a market cap of $32 million but has experienced a stock decline of over 80% in the past two years [5].

Core Viewpoint - Allbirds, Inc. is closing its remaining full-price stores in the U.S. by the end of February 2026 to focus on e-commerce, wholesale partnerships, and international distribution, aiming for a simpler and more profitable business model [2][3]. Group 1: Store Closures - The company will close all full-price stores in the U.S. to allocate resources towards its e-commerce platform and other distribution channels [2]. - This decision is part of a broader turnaround strategy to drive profitable growth and reduce costs by exiting unprofitable locations [3]. Group 2: Business Strategy - Allbirds has been reducing its brick-and-mortar presence over the past two years and will maintain two outlet stores in the U.S. and two full-price stores in London to preserve brand touchpoints [3]. - The closures are expected to be capital-light, with anticipated savings in selling, general, and administrative expenses (SG&A) to be discussed in the upcoming Q4/full year 2025 earnings call [2]. Group 3: Company Background - Allbirds, founded in 2015, is known for its commitment to sustainability and innovative materials, producing products like the Wool Runner and other comfort-focused footwear [4].

Core Insights - The fast fashion industry is a significant environmental issue, contributing to high water consumption, carbon emissions, and pollution, while also increasing microplastic and textile waste [1] - The fashion industry is responsible for 4% to 10% of global greenhouse gas emissions, yet less than 1% of clothing is recycled into new garments due to the complexity of fabric blends [2] Company Overview - Circ, founded in 2011, has developed technology to separate polycotton materials into their original components, allowing for regeneration into new, virgin quality materials [3] - Circ's hydrothermal technology can recycle polyester and cotton, which together account for approximately 77% of the global textile market [3] Business Model - Circ sources old clothing that cannot be thrifted, repaired, or resold, and after breaking down the fibers, sells them back into the clothing supply chain [4] - Notable brands such as Allbirds, Zara, and H&M utilize Circ-recycled textiles in their products [4] Market Position - Circ's approach includes a small price premium, which is considered acceptable for environmentally conscious brands like Patagonia, an investor in Circ [5] - The company has raised a total of $100 million from various investors, including Patagonia and Temasek, to support its scaling efforts [6] Expansion Plans - Circ is headquartered in Danville, Virginia, and is expanding globally with its first industrial-sized textile-to-textile recycling plant located in France [7]

Core Insights - Allbirds, Inc. reported a quarterly loss of $2.49 per share, which was better than the Zacks Consensus Estimate of a loss of $2.64, and an improvement from a loss of $2.68 per share a year ago, resulting in an earnings surprise of +5.68% [1] - The company generated revenues of $32.99 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 6.96% and down from $43 million in the same quarter last year [2] - Allbirds shares have increased by approximately 18.9% year-to-date, outperforming the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$2.27 on revenues of $60.81 million, and for the current fiscal year, it is -$9.59 on revenues of $168.06 million [7] - The estimate revisions trend for Allbirds was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Retail - Apparel and Shoes industry, to which Allbirds belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported net revenue of $33 million, at the low end of guidance, reflecting strong customer response to new products but mixed performance from original icons [14] - Gross margin decreased to 43.2% from 44.4% in Q3 2024, primarily due to a higher mix of digital and international distributor sales and increased duties [14] - Q3 adjusted EBITDA loss was $15.7 million, slightly improved from a loss of $16.2 million a year ago [15] Business Line Data and Key Metrics Changes - New product launches, including the Wool Cruiser and Waterproof Collection, performed well, contributing to positive momentum [5][14] - Core franchises like the Original Runner have been slower to rebuild, indicating a need for sustained execution across multiple product cycles [5] Market Data and Key Metrics Changes - The company anticipates Q4 net revenue to range from $56 million to $61 million, reflecting flat to high single-digit growth compared to the previous year [17] - The impact of international distributor transitions and retail store closures is expected to decrease in Q4, contributing to improved sales [25] Company Strategy and Development Direction - The company is focused on revitalizing the brand through comfort, style, and sustainability, aiming for growth and profitability [4] - A renewed wholesale strategy is set to launch in spring 2026, with plans to expand presence in approximately 150 specialty retail stores across the U.S. [11] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic factors are distracting consumers, impacting sales, but expressed optimism about product momentum and upcoming launches [21][25] - The company is taking steps to enhance liquidity and reduce costs, including potential capital raising [12][16] Other Important Information - The company ended Q3 with $24 million in cash and cash equivalents, and $12 million in outstanding borrowings [16] - Inventory was reported at $43 million, down 25% year-over-year, reflecting strong inventory management [16][30] Q&A Session Summary Question: Focus on third-quarter sales results and future growth - Management acknowledged that while new products are performing well, core franchises like the Runner have not yet rebounded, and macro distractions are affecting consumer behavior [20][23] Question: Comments on inventory and Black Friday strategy - Management indicated that inventory is lean and well-managed, with a competitive strategy planned for Black Friday and Cyber Monday to maintain market share [30][32]