Allbirds Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
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Item 2. Properties
As of December 31, 2024, we operated 33 retail locations around the world. Our corporate headquarters is located in San Francisco, where we lease approximately 33,000 square feet of space under two leases that expire in December 2026. In addition to our corporate headquarters, we have satellite corporate office locations in Portland, London and Ho Chi Minh City where we lease or have co-working arrangements that total approximately 30,000 square feet of office space. We use our corporate offices for product design and development, innovation around sustainable materials, operations, marketing, technology, and customer experience, as well as our other supporting teams. All of our offices and retail locations are leased, and we do not own any real property.
As of December 31, 2024, we also leased property in the following countries around the world that serve as our 33 retail locations, totaling approximately 115,000 square feet, as set forth below.
| Country | # of Stores |
|---|---|
| United States | 30 |
| United Kingdom | 3 |
| Total retail stores | 33 |
While we believe that our current facilities are adequate to meet our foreseeable needs, we may lease additional facilities or vacate existing facilities as our operations require. For example, we have vacated and currently sublease two corporate office spaces in San Francisco and San Diego, respectively.
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