"Sandals revenue fell 11% as it had expected, because of a lack of new products in the SS25 range. However the ZebZag range did well across sandals and mules. Dr Martens has pulled back on discounting and promotions, and has also reduced costs, debt, and the amount of stock it holds."
Conservative shadow chancellor Mel Stride links recent changes in gilt yields to the idea that Andy Burnham is already costing money before a byelection writ is served. Stride argues that even if Keir Starmer remains in charge, political turbulence prevents tough decisions and pushes Labour toward the left. Burnham, described as the leftwing mayor of Greater Manchester, is preparing for a byelection in Markerfield and is positioned to challenge Starmer for Labour leadership. Separately, Dr Martens reports a 61% rise in full-year profits despite a 2.9% revenue decline. Shoe sales increased, while sandals revenue fell 11% due to fewer new products in the SS25 range. The company cites progress on sandals, improved ranges, reduced discounting, lower costs, reduced debt, and less stock.
Read at www.theguardian.com
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