Posts tagged with "Actor and environmentalist invests in Allbirds"

Allbirds perches in New York City and plans more stores nationwide

September 5, 2018

The newest product to come out of Silicon Valley needs no tech support—but it’s supporting the feet of such well-known techies as Google Co-founder Larry Page, former Twitter chief Dick Costolo, and venture capitalists Ben Horowitz and Mary Meeker, according to a September 4 report by CNBC.

Called Allbirds, the new brand of footwear—produced with such sustainable resources as merino wool, tree fibers, and sugar— already has won over customers on the West Coast and is expanding fast. The company opened its first store on the East Coast, in New York City, just after Labor Day.

At more than 4,800 square feet, the new flagship location in New York’s SoHo neighborhood on Spring Street will include a “service bar” to help buyers find the right size, along with room for customers to lounge. It will replace its temporary home on Prince Street, which was about 900 square feet and is closing later this week.

Like the wildly popular Warby Parker (eyeglasses), Casper (mattresses), and  Everlane (clothing), Allbirds began business as an etailer.

The company only recently began opening stores, serving as a place for shoppers to try on the sneakers before buying and helping create more buzz around the brand. The company has since launched a new sneaker made out of tree fibers and flip-flops made out of sugar, along with a kids’ line called Smallbirds.

Indeed, the brand has become so buzzworthy that, last month, actor and environmentalist Leonardo DiCaprio became an investor, People magazine reported.

Creating sustainable consumer products requires a deep commitment from brands that understand the role they have in helping solve our environmental crisis,” DiCaprio said in an exclusive statement. “Allbirds is on the forefront of developing new materials that will serve as a model for the footwear industry. This kind of innovation is crucial for creating a more sustainable future. I am proud to join the company as an investor.”

“Given how tactile our product and brand story is, it’s important that we continue to create these opportunities to interact with customers,” Allbirds Co-founder Joey Zwillinger said. “Our goal is to continue to create retail spaces that allow customers to truly engage with the brand in an authentic off-line experience that embodies Allbirds’ unique comfort and thoughtful design.”

Allbirds plans to open eight more stores in the United States in locations including Chicago, Boston, Los Angeles,  and Washington, D.C. The company also said it’s thinking about adding two locations overseas.

“There is and has been incredible pent-up demand for Allbirds around the world,” Zwillinger told CNBC. “When we launched the brand, we were thoughtful to keep our distribution limited to the regions we felt we could service impeccably — the United States  and New Zealand, our home countries.”

Since then, Allbirds has grown into Australia and Canada.

Research contact: lauren.thomas@nbcuni.com