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Dr Martens warns on hit from US ports squeeze despite profits jump

Shipping delays and Vietnam factory closures hurt shoemaker’s sales, with disruption expected to persist into 2022

Dr Martens has posted a jump in profits but the iconic British shoemaker said delays at US ports and factory closures in Vietnam had held back sales and warned that disruption would continue into next year.

The company on Thursday said pre-tax profits rose 46 per cent year on year to £61.3m for the six months to the end of September. That was on the back of sales that were 16 per cent higher at £369.9m as Dr Martens benefited from stores reopening and rising ecommerce revenues.

Dr Martens said, however, that challenges in getting stock into the US, its largest market, meant it had missed out on £15m of wholesale revenues from the Americas in the most recent quarter.

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