Dr Martens profits plummet as US consumers turn their backs on bootmaker
by Alex Daniel
May 30, 2024
2 minutes
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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, after profit fell 42.9% to £97 million for the year
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