Allbirds just can’t seem to land on its feet.
Last week, the beleaguered direct-to-consumer brand announced co-founder Joey Zwillinger was stepping down as chief executive after nine years, though he’ll remain on the board as an advisor. Given recent performance, the departure wasn’t a shock — Allbirds has posted sales declines for the last five quarters, with 2023 sales dropping 15 percent to $254 million. Net losses widened 52…