Is Allbirds Going Out Of Business 2024?

About Allbirds

Allbirds is a well-known footwear brand and apparel company founded in 2016. It was founded by Tim Brown and Joey Zwillinger.

About Allbirds

The company is known for its eco-friendly products, especially its shoe range made from Moreno wool.

The Rise Of Allbirds

When Allbirds was launched it roared with a campaign that hit $30,000 goal in just five days. The company ended up raising $120,000 to start making their star Moreno wool shoes.

The Fall Of Allbirds

By 2020, the sucess of wool runner start to fade. In 2021, the company launched its IPO and next year announced the names of its first wholesale partners. Soon, the DTC companies started to fall out of favor and Allbirds started loosing its charm.

Why Is Allbirds Loosing Money?

1. Lack Of Demand 2. Questionable Quality 3. Competitors 4. Unimpressive Designs

Is Allbirds Going Out Of Business?

Ever since, the demand of its shoes started to wobble the company started to experince loss. However, there is no offcial statement from the company about its closing.