19-01-2023 09:03 via retailgazette.co.uk

Dr Martens issues profit warning amid US distribution centre issues

// Dr Martens has cut its revenue and earnings estimates amid bottleneck issues at its new LA distribution centre
// The company said it now expected revenue growth of 11%-13%Dr Martens has warned on annual profit and revenue after the business faced “significant operational issues” at its new distribution centre in Los Angeles and weaker-than-anticipated US trading.
The footwear retailer blamed “people and process” errors, which caused a bottleneck of stock at the p
Read more »