Nasdaq issues delisting warning to Allbirds

Quick Summary:

The footwear brand’s stock traded at less than $1 for 30 consecutive days and the company has until Sept.30 to regain compliance.

Amid its struggles, Allbirds has expanded beyond its DTC roots, launching on Amazon in the fall and signing deals with REI, Nordstrom and Dick’s Sporting Goods’ Public Lands in 2022.

However, the release also noted that after the initial 180 day period, Allbirds might be eligible for an additional 180 days within which to regain compliance.

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Article Details

Author / Journalist: Cara Salpini

Category: Business

Markets: United States

Topics: Chief Footwear Officer Brand’s Days Allbirds Year Stock Compliance Retailer Regain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-09 @ 12:03:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 20653596

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