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 carried on reining in their spending.
The British bootmaker said in a trading update on Thursday that sales fell by 18% in its third quarter to £274m, and that, like many retailers, it had seen a “softer December”, with many cash-strapped shoppers deciding not to splash out for Christmas.
About Author
More Stories
Australia exposed to modern slave labour imports and many businesses ‘ignoring the facts’, commissioner warns
Tech titans bicker over $500bn AI investment announced by Trump
‘Rising star’: EU made more electricity from solar than coal in 2024