All the updated news related to dr martens

All the news related to dr martens updated in real time

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City

Dr Martens sales surge as bootmaker shrugs off inflation

Dr Martens has shrugged off soaring inflationary pressure to raise its sales guidance for the year. Shares in the bootmaker jumped by a quarter in early trading after the company said consumer demand remained buoyant despite the challenging economic ...

01 Jun 2022 at 11:35

City

Dr Martens shares slump as wholesale sales drop after supply disruption

Dr Martens has revealed a slowdown in sales for the past quarter after a drop in its wholesale business, which caused its shares to plunge. The company saw its shares drop to its lowest since the company floated on the London Stock Exchange a year ...

27 Jan 2022 at 13:55

City

Dr Martens’ troubles continue as shoe brand sees big fall in US sales

Shoemaker Dr Martens said its woes in the US have continued to hamper performance, with sales there down by nearly a third at the end of 2023. The company’s American business, which last year had to deal with a major warehouse problem, now faces ...

25 Jan 2024 at 08:00

City

Shares in Dr Martens plummet after it discovers problems at US warehouse

Shares in Dr Martens plummeted on Thursday as the business said that unseasonably warm weather last autumn and problems at a warehouse have eaten into its performance in the US. The company downgraded its outlook for the financial year after ...

19 Jan 2023 at 09:40

City

Dr Martens stamps down profit guidance after warehouse headache

Bootmaker Dr Martens has seen its sales step up but cut its profit expectations after forking out to tackle problems at its Los Angeles warehouse. The shoe brand downgraded its outlook after taking about a £15 million hit from supply delays ...

14 Apr 2023 at 10:57

City

Dr Martens shares dive to record low after profit warning and chief’s exit

Boot maker Dr Martens has said its boss will step down later this year after it warned over profits again in the face of weak US demand. Shares dropped by as much as a quarter to a record low as a result. The London-based company said its ...

16 Apr 2024 at 10:57

City

Dr Martens hits £1bn revenue for first time but results marred by US problems

The symbolic moment when bootmaker Dr Martens reached £1 billion in revenue for the first time was marred by what its boss had to admit were “mistakes” in the US. The business said on Thursday that it had managed to only just squeak into ...

01 Jun 2023 at 09:16

City

Dr Martens shares slump after bootmaker warns over profit margins

Fashion brand Dr Martens has warned that profit margins will slip on the back of weaker consumer demand, investments and the strong dollar, sending shares in the company tumbling. The UK bootmaker said direct-to-consumer sales – those ...

24 Nov 2022 at 10:19

City

Dr Martens swings to loss and braces for currency hit

Dr Martens has revealed it swung to a half-year loss after seeing sales slump and warned of a year-end currency hit to profits. The bootmaker reported pre-tax losses of £28.7 million for the six months to September 29 against profits ...

28 Nov 2024 at 08:08

City

Dr Martens set for plunge in profit as US business stumbles

Bootmaker Dr Martens is expected to post tumbling profit and revenue amid weakness in the US, its biggest market. The London-listed firm’s turnover is predicted to come in at less than £900 million, an 11% drop from last year when ...

24 May 2024 at 12:42

City

Dr Martens profits plummet as US consumers turn their backs on bootmaker

Dr Martens has announced a swathe of cost-cutting plans, after the bootmaker’s bottom line was hit by plummeting demand in the US last year. The London-listed firm hopes to save up to £25 million in the coming financial year, ...

30 May 2024 at 08:40

City

Dr Martens’ new boss hails ‘progress’ on turnaround plans as losses ease

Dr Martens saw a partial recovery in sales over the Christmas period, with the footwear brand saying it is making progress in turning around its struggling US business. The company, whose yellow-stitched boots have been a ...

27 Jan 2025 at 08:23

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