News – Church’s sales drop to record low
The famous British shoe brand Church’s Footwear is going through tough times. After a disappointing 2020 they raised prices with around 40-50% last year to try a new approach, which resulted in a drop in sales with another 57%. This means that they’ve dropped a whopping 81% of their turnaround in just two years time, and losses are huge. Question is if they can turn things around.