Stock Exchange
| Use attributes for filter ! | |
| Address | Akdeniz, Gazi Blv. 2 A, 35210 Konak/İzmir |
|---|---|
| Opened | July 23, 1928 |
| Hours | Closed ⋅ Opens 8AM |
| Phone | (0232) 481 10 99 |
| Architectural styles | Neoclassical architecture |
| Date of Reg. | |
| Date of Upd. | |
| ID | 3029759 |
About Stock Exchange
Where is the Stock Exchange
Dr Martens shares plunge after profit warning
... When Dr Martens listed on the London Stock Exchange in 2021 its shares were priced at 370p...
WeWork to start closing some offices around the world
... WeWork finally listed on the New York Stock Exchange in 2021 with a much lower valuation than originally expected...
WeWork plans to file for bankruptcy, reports say
... WeWork finally listed on the New York Stock Exchange in 2021 with a much lower valuation...
Birkenstock: Once-uncool sandal maker now worth billions
... The extent of that power will now be put to the test on Wall Street, as its shares are set to start trading on the New York Stock Exchange...
What's going on at Metro Bank?
... Who owns Metro Bank? Metro Bank is a publicly listed company on the London Stock Exchange...
Evergrande: Shares in crisis-hit property giant jump in market return
... " There is currently no other inside information in relation to the company that needs to be disclosed, " Evergrande said in a statement to the Hong Kong Stock Exchange on Monday, when the city s market was closed for the National Day holiday...
Evergrande: The rise and fall of the property giant's billionaire founder
... " Evergrande grew fast but even faster after he [Mr Hui] made friends with a group of [the] richest real estate tycoons in Hong Kong and the company was listed on Hong Kong Stock Exchange, " Mr Chan says...
Japan's Toshiba set to end 74-year stock market history
... Toshiba s shares started trading in May 1949 when the Tokyo Stock Exchange reopened as Japan emerged from the ravages of World War Two (WW2)...
Dr Martens shares plunge after profit warning
By Michael RaceBusiness reporter, BBC News
Dr Martens has warned its earnings will fall below expectations after the bootmaker's business was hit by warmer autumn weather and weak US sales.
The famous brand, which first became popular in the 1960s, said its Trade In the US had become more challenging in recent months and that two of its major wholesalers had reduced orders.
Global profits for The Firm fell by 55% to £25. 8m in its half-year results.
The Profit warning saw shares plunge by almost 25% early on Thursday.
Chief executive Kenny Wilson said trading in the Second Half of the year had been " mixed" with sales across The World impacted by warmer weather at the start of autumn.
" In the USA, where there is an increasingly difficult consumer environment, our results have been more challenged, led by weakness in wholesale, " he added.
The Company said in its results that widespread caution among Dr Martens wholesale customers had resulted in a " weaker order book than in prior years" but added that Trade In recent weeks in Europe, the Middle East and Asia-Pacific had improved.
Driven by poor trade across The Atlantic , The Firm said it expected its full-year revenues to decline by a " high single-digit percentage".
In its latest results, The Company revealed US earnings were 31% lower in the six months to 30 September, compared with the same period Last Year .
Dr Martens makes More Than half of its revenues from its most recognisable products, the eight-holed 1460 boot and sister product the 1461 shoe.
But it has struggled with weakening demand in the US for some time, especially as the cost of living has increased around The World , with less cash for discretionary spending.
In 2021, Dr Martens raised the prices of its footwear by £10 due to rising production and material costs, taking The Price of its classic 1460 boots in the UK to £159 a pair. It has continued to rise and currently costs £169, according to the retailer's website.
" When times are good, Dr Martens has shown it is possible to make decent returns from its iconic products, " said Russ Mould , investment director at Aj Bell .
" But when the economic outlook is more uncertain, The Company suffers from having its products priced slightly above The Level at which someone wouldn't think too hard about paying. "
The Dr Martens brand was founded in 1960 in Northampton. Its air-cushioned sole was developed by Munich-based Dr Maertens and Dr Funck and the UK patent rights were sold to R Griggs Group.
The footwear that emerged from The Collaboration was initially sold as a work boot, but was taken up by the early skinhead youth movement of the 1960s. The boots also become popular with punks in the 1970s and had a resurgence when Britpop emerged in the 1990s.
Today the boots, also known as Docs or DMs, remain popular.
When Dr Martens listed on the London Stock Exchange in 2021 its shares were priced at 370p. On Thursday its shares were trading at around 85p.
" There always seems to be a stone in The Shoe for Dr Martens ever since its IPO in 2021, " said Susannah Streeter , head of money and markets at Hargreaves Lansdown .
" Earlier this year The Company was beset by operational problems at its Los Angeles distribution centre. Once Again , hopes of a rebound in sales have been booted away and long-term growth for the brand looks highly uncertain. "
Mr Wilson said The Company continued to " Have Faith in our iconic brand, and we continue To Believe in the long-term growth potential of the business".
Related TopicsSource of news: bbc.com
