Allbirds to close remaining full-price stores in the U.S. by February

Allbirds (BIRD) announced actions to build a simpler and more profitable lifestyle footwear business. The Company will close its remaining full-price stores in the U.S. by the end of February, enabling Allbirds to dedicate resources toward its e-commerce platform, wholesale partnerships and international distributorships, all of which offer greater reach, flexibility and operating leverage. The Company expects these closures to be a capital-light endeavor and will discuss anticipated SG&A savings and related cash charges on its Q4 and FY25 earnings conference call, which is expected to occur in March. Allbirds will continue to operate two outlet stores in the U.S. and two full-price stores in London, preserving key brand touchpoints while prioritizing capital-efficient growth.