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Dr Martens’ revenue plummets by a fifth as US sales plunge

The Guardian Manufacturing

Bootmaker says global sales fell by 18% with cash-strapped consumers refusing to splash out at Christmas Business live – latest updates Dr Martens said revenue dropped by nearly a fifth in the final three months of 2023, as sales in the US continued to plunge and inflation-weary consumers continued to rein in spending.

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Dr Martens says boot prices will rise to cover increasing costs

The Guardian Manufacturing

Northamptonshire-based footwear group’s half-year results show 5% fall in profits despite 13% rise in sales Dr Martens is to step up the price of its boots by 6%, as it says the cost of labour, energy and supplies, including the bouncy soles and leather, has risen.

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Dr Martens: just another victory for private equity sellers over City mugs | Nils Pratley

The Guardian Manufacturing

Trust in the UK footwear firm is unlikely to return until it can go a year without tripping over something in the US Dr Martens is an “iconic” brand of “rebellious self-expression”, its promoters told us endlessly when the bootmaker came to the stock market.