Why are darlings Casper, Allbirds, and direct-to-consumer Peloton struggling right now?

The direct-to-consumer boom is coming to an end.

A group of companies that were bustling with activity, supported by Billions in venture capital fundingmarked a record year for IPOs in 2021. Now, three years later, most direct-to-consumer, or DTC, companies are still struggling with profitability.

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