How Allbirds Lost Its Footing
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 3 August 2023
⏱️ 17 minutes
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| 0:00.0 | What kind of shoes are you wearing right now? |
| 0:08.5 | Well, because it's summer I'm wearing flip-flops. |
| 0:11.3 | Is that your ideal everyday shoe? |
| 0:14.1 | Certainly for warm weather, easy on, easy off. |
| 0:18.5 | Our colleague Suzanne Capner covers the retail industry, and lately, she's been writing |
| 0:23.5 | about shoes, specifically the brand Allbirds, which took off on social media. |
| 0:28.8 | What's your living under a rock you've probably heard of Allbirds? |
| 0:31.2 | And I'm not kidding when I say that these are the shoes that I reach for every single day. |
| 0:35.2 | Like, I feel like my feet hurt all the time no matter what shoes I'm in, but these have |
| 0:39.7 | like some sort of magic cushion to them that makes them amazing. |
| 0:47.5 | People were raving about the company's everyday sneakers. |
| 0:50.8 | The shoes were comfortable, they were simple, and above all, they were eco-friendly, made |
| 0:56.0 | of a surprising material. |
| 0:58.0 | Wool. |
| 0:59.0 | So, it doesn't matter that most sneakers are made from synthetics and synthetics are |
| 1:02.5 | made from dirty art wool, we think it matters, that's why we're using something renewable |
| 1:06.8 | instead. |
| 1:07.8 | Now, don't just take my mom's word on it. |
| 1:08.8 | Allbirds had found lightening in a bottle, but that success wasn't easy to hold onto. |
| 1:15.5 | Customers loved the idea that it was sustainable, but that wasn't what was going to make them |
| 1:19.6 | buy a pair of shoes. |
| 1:21.4 | It had to check all these other boxes, and then the sustainability was the icing on the |
... |
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