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Nosedive for Allbirds but ‘reignited’ product on horizon

22/11/2024
Nosedive for Allbirds but ‘reignited’ product on horizon

Footwear brand Allbirds has reported a 25% fall in third quarter revenues to $43 million, mainly attributable to lower unit sales, partially offset by higher average selling.  Revenue was also impacted by international distributor transitions and planned retail store closures. The brand has signed agreements with distributors in Europe and Latin ...

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