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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 a ...

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 what ...

19 Jan 2023 at 09:40

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 the ...

01 Jun 2023 at 09:16

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 of £25....

28 Nov 2024 at 08:08

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