Dr. Martens Faces Steep Decline as CEO Exits Amid Financial Turmoil

Shares of the iconic bootmaker plummet following a series of profit warnings and a bleak revenue forecast in the U.S., its largest market.

Dr. Martens shares hit a record low as the company forecasts a significant drop in U.S. wholesale revenue.
CEO Kenny Wilson to step down, with Ije Nwokorie, former Apple senior director, set to take over.
The company will not increase prices this year, despite facing cost inflation and financial pressures.
Analysts express concern over the brand's future, though some remain optimistic about its long-term growth potential.
Dr. Martens plans to focus on reigniting demand in the U.S. market, though significant challenges lie ahead.