Dr Martens has said it expects to take a multimillion-pound hit from US tariffs this year and is taking action on cost and pricing to help offset the impact.

The footwear retailer makes the bulk of its footwear in Vietnam , which has been hit with higher US tariffs in US President Donald Trump’s trade war.

It said it now expects a “high single digit” million-pound impact from tariffs on full-year profits, of which roughly half can be offset in 2025-26 because of the timing of action being taken.

Dr Martens said it remains on track with full-year forecasts, for between £53 million to £60 million underlying pre-tax profits, although it said this did not include the tariff hit.

Shares in the firm fell 8% in Thursday trading.

The group, whose yellow-stitched boots have been a retro mai

See Full Page