Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Will it be the Warby Parker of shoes?
Allbirds has already won over Silicon Valley, where the business is based, with its wool sneakers spotted on the feet of Google co-founder Larry Page, former Twitter chief Dick Costolo and venture capitalists Ben Horowitz and Mary Meeker, to name a few.
And after growing a successful e-commerce platform, Allbirds will test its fate in setting up a second physical storefront to showcase its products. Allbirds' "concept" shop opened Thursday in New York's SoHo neighborhood, bringing the brand to the East Coast.
The direct-to-consumer company, which just debuted last year, opened its first brick-and-mortar location in San Francisco in April.
"The most important thing for us is to have an interaction with every customer we exchange a product with money for," co-founder Joey Zwillinger said Thursday on CNBC's "Squawk Box."
"And we've tried to make it as affordable as we can."
Allbirds' sneakers are made from renewable merino wool, and they're being marketed as "the world's most comfortable shoes."
The company has raised $27.5 million in equity since its inception, from partners including Tiger Global, Elephant, Maveron and Lerer Hippeau Ventures.
Its two versions of shoes — with and without laces — run about $95 apiece. And for now, consumers can get their hands on a pair only through Allbirds' website or at one of its two stores.
The New York location features a life-size hamster wheel, where shoppers can test out running in the sneakers before they buy. Zwillinger said opening the brick-and-mortar shops has allowed Allbirds to create more of an "immersive" experience.
Online retailers moving offline is no new trend, either.
Warby Parker — the start-up that has disrupted the eyeglass retail market — is among the businesses that started as digitally only and opened shops for customers to try the product before they buy. Others include Rent the Runway, Bonobos and UnTUCKit.
At its New York store, Allbirds will be selling shoe laces inspired by the colors of the NYC subway. It will also have on sale an exclusive version of its "Starry Night" shoe.
The Silicon Valley start-up has manged to grow its business organically, without the help of a third-party platform like Amazon. But Zwillinger won't count out the idea of opening up to other outlets some day.