Bootmaker’s shares fall as US warehouse problems, along with strikes and staff shortages in Europe, dent profits
Dr Martens has warned that “unseasonably warm weather” and problems at a US warehouse hit sales in the run-up to Christmas forcing the company to issue its second profit warning in two months.
The British bootmaker said it now expected to make underlying full-year profits of no more than £260m, £26m less than previously expected as it had been forced to open temporary warehouses in the US after becoming overwhelmed with stock, partly because deliveries had arrived more quickly than expected.
Bootmaker’s shares fall as US warehouse problems, along with strikes and staff shortages in Europe, dent profitsDr Martens has warned that “unseasonably warm weather” and problems at a US warehouse hit sales in the run-up to Christmas forcing the company to issue its second profit warning in two months.The British bootmaker said it now expected to make underlying full-year profits of no more than £260m, £26m less than previously expected as it had been forced to open temporary warehouses in the US after becoming overwhelmed with stock, partly because deliveries had arrived more quickly than expected. Continue reading…
