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Allbirds Stock May Fall As Retail Bankruptcies Rose 80% In 2024

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. fall-as-retail-bankruptcies-rose-80-in-2024.html
  Print publication without navigation Published in Business and Finance on by Forbes
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  The retail laggards are stuck with high costs and declining revenues as they burn through dwindling cash piles.

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The article by Peter Cohan on Forbes discusses the potential decline in Allbirds' stock value due to a significant increase in retail bankruptcies in 2024. It highlights that retail bankruptcies rose by 80% in 2024, driven by factors such as high inflation, rising interest rates, and shifts in consumer behavior towards online shopping. Allbirds, a sustainable footwear company, is particularly vulnerable as it faces challenges like declining sales, increased competition, and the need for substantial capital to expand its direct-to-consumer model. The article suggests that these macroeconomic conditions, combined with Allbirds' specific operational issues, could lead to a further drop in its stock price, especially if the company fails to adapt quickly to the changing retail landscape.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/petercohan/2024/12/27/allbirds-stock-may-fall-as-retail-bankruptcies-rose-80-in-2024/ ]