Britain's Dr Martens has today posted a 21% drop in third-quarter revenue, as the struggling bootmaker continued to grapple with weak wholesale demand.
The company, which makes the popular clunky 1460 boots with yellow stitching, posted a revenue of £267.1m for the three months ended December 31.
"Trading in the quarter was volatile and we saw a softer December in line with trends across the industry," the company said in a statement.
Dr Martens has been struggling with customer destocking and reduced orders in the US from wholesale customers wary of macroeconomic pressures.
In November, the company issued its fourth profit warning in 12 months, blaming tepid demand for its pricey boots and a lacklustre autumn-winter season.
It also appointed a new chief financial officer and a chief brand officer, a newly created role, as it seeks to claw back sales.
It said that wholesale revenues dropped 49% at actual rates in the third quarter.
