Retailers Face Tough Holiday Season

Retailers like JD Sports and Dr. Martens are grappling with a challenging holiday season due to economic worries and rising unemployment, leading to decreased consumer spending. JD Sports profits are expected to be lower than anticipated, with like-for-like sales in the UK falling by 3.3%. Dr. Martens is also facing a volatile trading environment, with shares dropping after efforts to reduce discounts and shift production away from China. Both companies are adapting their strategies to navigate the difficult market and return to profit growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.