Allbirds, Fred Segal, SJP Collection and More Retailers That Closed Stores in 2024 [Yahoo! Finance]
Allbirds, Inc. (BIRD)
Company Research
Source: Yahoo! Finance
According to a recent report from Coresight Research, more than 7,100 stores closed across the country through November, which is a 69 percent jump in closures compared to the same time in 2023. Year-to-date, these closures have been led by the shuttering of businesses like Rue21 and an accelerated cost savings plan at Macy's. More from Footwear News The 11 Biggest Footwear CEO Changes in 2024 Fred Segal Closes All California Stores Here were some of the most notable store closures in 2024. Allbirds In March, Allbirds co-founder and then chief executive officer Joey Zwillinger said in its fourth quarter earnings call with analysts that the company planned to close between 10 and 15 “underperforming” stores in the U.S. in 2024, or about a third of its total fleet. The company said this decision will have a financial impact of between $7 million and $9 million, which will mainly be relegated to the first half of the year. The stores targeted for closure mainly consist of
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BIRD
Earnings
- 11/6/24 - Beat
BIRD
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/2/24 - Form 144
- BIRD's page on the SEC website