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Description: Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in its history.

Source: CNBC.com – video reports

Date: Mar 09, 2023

Link: https://www.cnbc.com/2023/03/09/allbirds-bird-q4-earnings-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • Explain the drop is share value?
  • How much was this due to management’s strategic decision-making to boost growth?
  • What would you advise the company do next?
  • What is likely to happen next, in your opinion?