Latest news with #Camden-based
Wales Online
2 days ago
- Business
- Wales Online
Dr Martens boss to unveil new strategy to return to growth
Dr Martens boss to unveil new strategy to return to growth Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021 Dr Martens boots (Image: PA Media ) The new boss of Dr Martens is to reveal his strategy to get the bootmaker back on track amid a slump in sales. The Camden-based footwear specialist will reveal its latest annual results on Thursday June 5, and is expected to post a drop in revenues and profits. However, investors are likely to focus on a strategy update from the company which is also due that day. Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021. The company has been blighted by sliding sales in recent years as it has fought waning consumer demand and supply chain disruptions. Ije Nwokorie, a former brand chief of the business, took over the top role in January in a bid to help revive its fortunes. This week the company also sought to strengthen its leadership team by appointing Carla Murphy from Adidas as its new chief brand officer and former Nike director Paul Zadof as its Americas president. The appointments come as Dr Martens seeks to bring more shoppers back to the brand and target new growth opportunities. Investec analyst Kate Calvert said: "Having taken over as CEO in January and knowing the company well (previously chief brand officer and a non-executive director), we expect more of an evolutionary strategy. "We are looking to hear what the team's growth priorities are from a range, market and channel perspective, and understand the differences in strategic approach to recent history. "We also expect an update on the delivery of two crucial system projects – its customer data platform plus a supply and demand planning system." Investec has forecast that the fashion firm will report revenues of roughly £803.5 million for the year to March 31. It would represent another significant drop from £877.1 million the previous year. In its previous update in January, Dr Martens pointed towards a partial recovery over the key festive period amid progress to turn around its US operation. On Thursday, the company is likely to show further progress with its direct-to-consumer business, efforts to increase cost savings and strengthening its balance sheet. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "Dr Martens is expected to deliver more evidence that it is pulling itself up by its bootstraps and the turnaround is lacing together. "It's been reducing inventories and debt, preserving cash and stabilising the business overall. "So there is more optimism around that Dr Martens can kick off a more sustained recovery." Article continues below Shareholders will also be looking for guidance on how its important US business might be impacted by recent tariff rule changes and how the firm might mitigate any impact.
Irish Examiner
3 days ago
- Business
- Irish Examiner
New boss at Dr Martens planning sales reboot
The new boss of Dr Martens is to reveal his strategy to get the bootmaker back on track amid a slump in sales. The Camden-based footwear specialist will reveal its latest annual results next Thursday, and is expected to post a drop in revenues and profits. However, investors are likely to focus on a strategy update from the company which is also due that day. Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021. The company has been blighted by sliding sales in recent years as it has fought waning consumer demand and supply chain disruptions. Ije Nwokorie, a former brand chief of the business, took over the top role in January in a bid to help revive its fortunes. This week the company also sought to strengthen its leadership team by appointing Carla Murphy from Adidas as its new chief brand officer and former Nike director Paul Zadof as its Americas president. The appointments come as Dr Martens seeks to bring more shoppers back to the brand and target new growth opportunities. Investec analyst Kate Calvert said: "Having taken over as CEO in January and knowing the company well (previously chief brand officer and a non-executive director), we expect more of an evolutionary strategy. "We are looking to hear what the team's growth priorities are from a range, market and channel perspective, and understand the differences in strategic approach to recent history. "We also expect an update on the delivery of two crucial system projects - its customer data platform plus a supply and demand planning system." Investec has forecast that the fashion firm will report revenues of roughly £803.5m (€953m) for the year to March 31. It would represent another significant drop from £877.1m (€1.04bn) the previous year. In its previous update in January, Dr Martens pointed towards a partial recovery over the key festive period amid progress to turn around its US operation. On Thursday, the company is likely to show further progress with its direct-to-consumer business, efforts to increase cost savings and strengthening its balance sheet. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "Dr Martens is expected to deliver more evidence that it is pulling itself up by its bootstraps and the turnaround is lacing together. "It's been reducing inventories and debt, preserving cash and stabilising the business overall. "So there is more optimism around that Dr Martens can kick off a more sustained recovery." Shareholders will also be looking for guidance on how its important US business might be impacted by recent tariff rule changes and how the firm might mitigate any impact.
Yahoo
4 days ago
- Business
- Yahoo
Dr Martens boss to unveil new strategy to return to growth
The new boss of Dr Martens is to reveal his strategy to get the bootmaker back on track amid a slump in sales. The Camden-based footwear specialist will reveal its latest annual results on Thursday June 5, and is expected to post a drop in revenues and profits. However, investors are likely to focus on a strategy update from the company which is also due that day. Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021. The company has been blighted by sliding sales in recent years as it has fought waning consumer demand and supply chain disruptions. Ije Nwokorie, a former brand chief of the business, took over the top role in January in a bid to help revive its fortunes. This week the company also sought to strengthen its leadership team by appointing Carla Murphy from Adidas as its new chief brand officer and former Nike director Paul Zadof as its Americas president. The appointments come as Dr Martens seeks to bring more shoppers back to the brand and target new growth opportunities. Investec analyst Kate Calvert said: 'Having taken over as CEO in January and knowing the company well (previously chief brand officer and a non-executive director), we expect more of an evolutionary strategy. 'We are looking to hear what the team's growth priorities are from a range, market and channel perspective, and understand the differences in strategic approach to recent history. 'We also expect an update on the delivery of two crucial system projects – its customer data platform plus a supply and demand planning system.' Investec has forecast that the fashion firm will report revenues of roughly £803.5 million for the year to March 31. It would represent another significant drop from £877.1 million the previous year. In its previous update in January, Dr Martens pointed towards a partial recovery over the key festive period amid progress to turn around its US operation. On Thursday, the company is likely to show further progress with its direct-to-consumer business, efforts to increase cost savings and strengthening its balance sheet. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: 'Dr Martens is expected to deliver more evidence that it is pulling itself up by its bootstraps and the turnaround is lacing together. 'It's been reducing inventories and debt, preserving cash and stabilising the business overall. 'So there is more optimism around that Dr Martens can kick off a more sustained recovery.' Shareholders will also be looking for guidance on how its important US business might be impacted by recent tariff rule changes and how the firm might mitigate any impact. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
New Jersey explores new nuclear energy as utility bills rise
TRENTON, N.J. (PIX11) – Could New Jersey be looking more into nuclear power? 'New Jersey needs an all-of-the-above energy approach,' said Assemblyman Cody Miller (D-NJ 4th District). 'That includes nuclear, that includes natural gas, that includes solar, that includes wind, that includes hydrogen.' More Local News Miller is among the first in his party to express interest in bolstering nuclear energy in New Jersey. He's authoring a bill that would direct the State Board of Public Utilities (BPU) to study the feasibility of small modular reactors statewide. 'Not only do we know that it can be done here in the State of New Jersey, but we have a company [Camden-based Holtec] that can build it that is a South Jersey company/ so the stars are kind of aligning with that.' 'Obviously that's going to get bipartisan support, but the question is, is it too little too late?' said Republican Assemblyman Paul Kanitra, who sits on a GOP energy task force that applauded Miller's bill in a committee meeting on Monday. Starting June 1st, utility bills will be hiked up to 20 percent for New Jersey ratepayers. Lawmakers are looking for ways for New Jersey to create more of its own energy. 'The only plausible future to bring our rates down is to look at nuclear and look at natural gas and look at things from a cost-savings perspective,' said Kanitra (R-NJ 10th District). This comes as the Murphy administration signals interest in exploring new nuclear energy in the State. On Tuesday, the BPU announced a request for information on new nuclear opportunities in the State. Governor Murphy said in a statement, in part: 'As part of my administration's all-of-the-above energy strategy, we continue to explore ways to bring online new sources of electricity generation and improve and expand our nuclear fleet to grow the supply of resources as the U.S. Faces increasing demand.' The Salem and Hope Creek generating stations in deep South Jersey continue to operate. Meanwhile, the Oyster Creek site in Forked River was shut down in 2018 and is still being decommissioned. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
03-04-2025
- Yahoo
Domestic violence support leader visits South Berwick after murder: 'Here for each other'
SOUTH BERWICK, Maine — Dressed in yellow, Patrisha McLean entered the Early Bird Cafe early Thursday clutching flyers with the faces of domestic abuse survivors from across the state. McLean, a domestic violence survivor, is the founder and chief executive officer of Camden-based Finding Our Voices, a domestic abuse and violence survivor assistance organization. McLean was in town Thursday to spread the word about Sherri Sweet, who died at age 37 on March 23, a day after being shot in her South Berwick home on Brattle Street. Jeremiah Godfrey, her boyfriend, is charged with her murder. McLean's larger vision is to support victims of domestic abuse throughout the state and put an end to violence against women and children. 'The beauty of the sisterhood (is that) we're here for each other. We believe each other. We're here for each other, and that's huge,' McLean said Thursday. Fifty Maine women — all survivors of domestic violence and abuse — are photographed on Finding Our Voice's posters. McLean and Patrizia Marshall, a York resident and supporter of Finding Our Voices, traveled to South Berwick during a morning downpour to go across town and hang their flyers in businesses and municipal buildings. 'They're all survivors in that they've done a lot of healing,' Marshall said. A former newspaper reporter in California and photojournalist, McLean snaps photos of the women her organization serves for Finding Our Voice's posters. The staff at Nature's Way Market and Cara Maxfield, owner of Early Bird Cafe on Main Street, agreed to hang the nonprofit's posters. McLean said she escaped domestic violence herself. In 2016, her celebrity ex-husband, "American Pie" singer-songwriter Don McLean, was arrested. He later admitted guilt to domestic violence related offenses and was ordered to pay a fine as part of a plea deal. Domestic assault and terrorizing charges against the singer were dismissed the next year after he had met the terms of his plea deal, the Associated Press reported. Finding Our Voices was established shortly after McLean's ex-husband's arrest. 'There's help out there and there's a better life,' Patrisha McLean said. 'You can get out, because I think a lot of women who are in it feel like this is their life, that this is what's happening, (that) they're stuck in this thing and they're never going to get out. You can get out. We're here with 50 women on these posters letting them know they got out, and you can, too. Just tell someone, please. Recognize it and then talk to somebody.' Finding Our Voices offers victims financial assistance for car repairs, gas cards, apartment rental costs and security deposits, legal aid, home security technology, U-Haul and storage unit fees, food and clothing, in addition to a weekly online support group and dental care assistance. The nonprofit has provided 43 women in Maine with $21,577 worth of financial assistance in 2025 so far, she said. The nonprofit provided $141,184 to 179 total domestic violence survivors in Maine in 2024, according to McLean, and worked with a total of 550 women last year across all its services. Almost exactly four years ago, in early April 2021, McLean drove to York for a similar town-wide poster campaign following the beating death of Rhonda Pattelena on Short Sands Beach at the hands of her fiance. The man, Jeffrey Buchanan, bludgeoned her to death with a rock and was sentenced last spring to 40 years behind bars. In January, Finding Our Voices led a protest in Sanford after state Rep. Lucas Lanigan was charged in October for allegedly strangling his wife. He has pleaded not guilty to domestic violence assault. Fifteen of the 35 homicides recorded in Maine last year were tied to domestic violence, according to the state's Department of Public Safety. Including Sweet's killing, Finding Our Voices has counted 20 domestic violence deaths in Maine since February 2024. Sweet's funeral was held Tuesday in Salem, Massachusetts, her obituary reads. The 2005 Marshwood High School graduate is survived by her two sons, her mother and stepfather and is remembered as a dedicated member of the hospitality industry. 'She loved harder than anyone and will continue to do so from above,' Sweet's obituary says. Jeremiah Godfrey, Sweet's 43-year-old boyfriend, was arrested by Maine State Police last week in South Berwick on a single count of murder in connection to her death. The charge is punishable by between 25 years to life in prison. An affidavit filed by a Maine State Police homicide detective in Godfrey's case alleges the defendant admitted to pulling the trigger on the pistol that killed Sweet after an argument in their Brattle Street residence. Sweet was shot on Saturday, March 22 and died the following evening at Portsmouth Regional Hospital from her injuries after being placed on life support, according to the affidavit. The affidavit states Sweet sustained major head trauma after a gunshot to the back of her head. Last Friday, a York County Superior Court judge ruled Godfrey is to be held without bail at the county jail in Alfred. This article originally appeared on Portsmouth Herald: Domestic violence support leader visits South Berwick after murder
