Business and Finance
Business and Finance
Allbirds Stock May Fall As Retail Bankruptcies Rose 80% In 2024
- The retail laggards are stuck with high costs and declining revenues as they burn through dwindling cash piles.
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/ ]
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/ ]
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