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Dr. Martens reports 12.3% revenue decline, 42.9% profit drop due to weak US demand.
Dr. Martens, the popular footwear brand, reported a significant decline in annual revenue and profit due to weak US demand.
The company's revenue fell by 12.3% to £871.1 million, while pre-tax profit decreased by 42.9% to £97.2 million.
In response, Dr. Martens plans to cut costs by up to £25 million, aiming to achieve savings through organizational efficiency, better procurement, and operational streamlining.
The company will also invest more in USA marketing to boost demand and return to growth in FY26.
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Dr. Martens informa una caída de ingresos del 12,3% y una caída de ganancias del 42,9% debido a la débil demanda estadounidense.