Docs feeling the squeeze

Dr Martens has issued a profit warning on the back of weaker demand.

The firm said sales through its own stores and website were “slower than anticipated” over its past three months. Dr Martens said full-year profit margins would be down sharply, sending its share price crashing by more than a fifth yesterday.

Boss Kenny Wilson said the next few weeks leading up to Christmas would be crucial, but was positive.

“The business is well set for Christmas,” he said.