Allbirds announces new CEO, plans to close some U.S. stores as shoe demand remains subdued

Shares of Allbirds Inc. sank after hours on Tuesday after the footwear maker forecast full-year sales that were below expectations and said it would close some stores.

Previous post Coinbase plans $1 billion convertible-debt deal after stock surge
Next post GM hires ex-Tesla, Google exec to replace retiring head of manufacturing