Fashion
US’ Allbirds reports $39.7 mn Q2 revenue; gross margin falls to 40.7%
The gross profit totalled $16.2 million, compared to $26.1 million in Q2 2024. The gross margin in the quarter fell 980 basis points (bps) to 40.7 per cent, driven by increased promotional activity, inventory adjustments linked to the European market’s distributor transition, a higher mix of international distributor sales, and increased freight and duty costs in its direct business, Allbirds said in a press release.
Allbirds has posted revenue of $39.7 million in Q2 2025, down 23.1 per cent YoY, with gross margin falling to 40.7 per cent.
Net loss narrowed to $15.5 million, and adjusted EBITDA loss improved to $12.6 million.
CEO Joe Vernachio expects growth in Q4, citing new product and marketing initiatives.
Full-year revenue is forecast at $165–$180 million with continued operational discipline.
The net loss for Q2 2025 stood at $15.5 million, or $1.92 per basic and diluted share. Adjusted EBITDA loss was $12.6 million, slightly improving from the $13.7 million loss in Q2 2024. Inventory at quarter-end was $42.2 million, down 21.3 per cent YoY.
“Strong execution during the first half of the year has set us up for what’s ahead this fall,” said Joe Vernachio, chief executive officer (CEO) at Allbirds. “We are thrilled to be at the threshold of our product, marketing and customer experience initiatives coming together as we continue our path to reigniting the Allbirds brand.”
“In the weeks and months ahead, we’ll be delivering a continuous flow of modern lifestyle footwear that is distinctively Allbirds—modern design, unique materials and unmatched comfort,” added Vernachio. “This debut, coupled with the operational and financial rigor we have embedded into the organization in recent years, gives us confidence in our expected return to top line growth in the fourth quarter of this year.”
Selling, general, and administrative (SG&A) expenses fell to $24.2 million, or 60.9 per cent of net revenue, from $33.6 million, or 65 per cent, a year earlier. Marketing expenses decreased to $8.5 million from $11.7 million due to reduced digital advertising spend.
In the first half (H1) of 2025, the company’s net revenue declined 21 per cent YoY to $71.8 million, while gross margin slipped to 42.6 per cent from 49 per cent. The net loss for the six-month period was $37.4 million versus $46.5 million last year. Adjusted EBITDA loss improved to $31.2 million from $34.6 million in H1 2024.
The company had $33.1 million in cash and cash equivalents, $5 million in borrowings under its $50 million revolving credit facility, and inventories of $42.2 million as of June 30, 2025.
For full-year 2025, Allbirds expects net revenue of $165 million to $180 million, reflecting an estimated $20 million to $25 million revenue impact from the shift to a distributor model in certain international markets and selected US store closures. Adjusted EBITDA loss is projected at $65 million to $55 million.
In the third quarter (Q3) of 2025, the company anticipates net revenue between $33 million and $38 million, with adjusted EBITDA loss of $20 million to $16 million, added the release.
Fibre2Fashion News Desk (SG)
Fashion
The new economics of fashion: Trust, longevity and price discipline
Fashion demand in 2026 remains intact but more selective, with consumers spending cautiously and prioritising value, durability and versatility.
Intentional purchasing and promotion sensitivity are reshaping pricing dynamics and margin structures.
Polarised consumer behaviour is pushing brands to rebuild trust, justify full price and align sustainability with longevity.
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Fashion
US brand Calvin Klein unveils Spring 2026 denim with Jung Kook
Directed and shot by Mert Alas, the new chapter sharpens the focus on denim as the ultimate expression of personal style through icon Jung Kook’s distinctive and influential point of view as he lives in the moment.
Calvin Klein, owned by PVH Corp., has unveiled its Spring 2026 denim campaign fronted by BTS icon Jung Kook.
Directed and photographed by Mert Alas, the cinematic film fuses music, movement and city energy, highlighting 90s Straight, Baggy and reworked Trucker silhouettes.
A special appearance by Rosie Perez amplifies the brand’s signature visual storytelling.
The campaign unfolds across a series of immersive worlds, unified and guided by Jung Kook’s style, attitude and way of living. The high-impact film fuses fashion and entertainment, moving to an instantly recognizable soundtrack and brought to life through the artist’s signature choreography and commanding presence. The interplay of music and movement – complete with a cameo from New York City legend Rosie Perez – captures the impact synonymous with Calvin Klein’s iconic visual storytelling.
Calvin Klein jeans are at the center of the wardrobe with hero silhouettes leading the narrative: the effortless attitude of the 90s Straight; the relaxed and nostalgic proportions of the Baggy; and new interpretations of the iconic Trucker jacket — all reimagined with elevated washes and designed for versatility. Casual logo tees and oversized bombers complete the looks, reinforcing denim as both uniform and statement.
“I love Calvin Klein jeans because they’re designed to be lived in,” said Jung Kook. “The looks I wore for this campaign nod to ‘90s style while feeling completely modern. It was exciting to bring together my love of music, dance and fashion against the energy of the city.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
China targets 4.5 to 5% GDP growth for 2026
Premier Li Qiang, who delivered the report at the opening of the fourth session of the 14th National People’s Congress in Beijing, said the growth target is “well aligned with the country’s long-range objectives through the year 2035 and is broadly in line with the long-term growth potential of China’s economy, with favorable conditions in place for achieving this target.”
China has set a GDP growth target of 4.5–5 per cent for 2026, alongside goals to stabilise employment, manage inflation, maintain grain output and cut emissions.
The plan also preserves flexibility for structural reforms under the 15th Five-Year Plan, aiming to balance steady economic expansion with long-term, high-quality and sustainable development.
Main development targets for 2026 also include a surveyed urban unemployment rate of around 5.5 per cent, creation of over 12 million new urban jobs, a rise in the consumer price index of around 2 per cent, personal income growth in step with economic growth, a basic equilibrium in the balance of payments, grain output of around 700 million tonnes, and a drop of around 3.8 per cent in carbon dioxide emissions per unit of GDP.
Qiang said the targets took into account the need to leave room for structural adjustments, risk prevention and reform in the opening year of the 15th Five-Year Plan (2026–30) period, to lay a solid foundation for improved performance in the coming years. Government at local level should, taking into account their own conditions, make solid efforts to deliver positive outcomes, he added.
Analysts said the 2026 target reflects a pragmatic approach in recognising structural and cyclical challenges facing the world’s second-largest economy, while pursuing reasonable growth in line with high-quality development.
Fibre2Fashion News Desk (JP)
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