Allbirds' Future Strategy: New CEO Appointed and U.S. Store Closures Planned
Tuesday, 12 March 2024, 20:45
Allbirds Announces Strategic Changes
Shares of Allbirds Inc. took a hit after the footwear maker made significant announcements regarding its future plans.
New CEO Appointment
Allbirds has revealed the appointment of a new CEO to lead the company forward.
U.S. Store Closures
Allbirds plans to close some of its U.S. stores in response to subdued demand for its shoes in the market.
Market Reaction
The company's stock price dropped in after-hours trading as investors reacted to the news of the store closures and lower sales forecast.
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