Clothing & ShoesNews

Dr Martens to cut £25m in costs as full-year profits plummet

During the year, ecommerce revenue was down 1% to £276.3m, wholesale revenue was down 28.3% to £344.0m while retail revenue grew 6.2% to £256.8m

Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months ended March, following weak demand in the US market. 

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