Dr Martens news and archive

Dr. Martens posts decline in H1 sales and profit

Dr. Martens first half revenue was down 5 percent or 3 percent constant currency, driven by weakness in USA wholesale. The company’s DTC revenues rose 9 percent or 11 percent constant currency to 50 percent mix, while retail revenue was up 15 percent or 17 percent constant currency and ecommerce increased 3 percent or 5 percent on a constant...

People

Ije Nwokorie to join Dr. Martens as chief brand officer

Dr. Martens non-executive director Ije Nwokorie will join the business as chief brand officer from February 1, 2024. On appointment into this role, the company said in a release, Nwokorie will cease to be a member of the board and will step down as a member of the audit and risk, nomination and disclosure committees. Commenting on Nwokorie’s...

Business

Giles Wilson to join Dr. Martens as CFO in 2024

Dr. Martens plc has announced the appointment of Giles Wilson to the role of chief financial officer (CFO). Wilson, the company said, will join Dr. Martens in 2024, with the date to be confirmed and announced in due course. The company added that Jon Mortimore, who is retiring from the company, has agreed to stay with the business until the end...

Retail

Dr. Martens to open 100th EMEA store

British heritage footwear and accessories brand Dr. Martens is to open its 100th EMEA (Europe, Middle East and Africa region) store on London’s Oxford Street on November 10. Located at 184 – 190 Oxford Street, the new 4,967 square foot store will be the brand’s second-largest trading space on one floor in EMEA, second only to the Camden store in...

Fashion |In Pictures

Dr. Martens launches collaboration with the Tate

British heritage footwear brand Dr. Martens has reunited with the Tate, a network of art galleries in the UK, to launch a collection featuring the work of Ithell Colquhoun. Described as a celebration, the collection of footwear and bags, highlights the work of provocative surrealist Ithell Colquhoun, whose art is often grounded in the occult and...

Business

Dr Martens unveils collaboration with Central Saint Martins students

Footwear specialist Dr Martens has revealed a new competitive collaboration with a selection of Master’s students at Central Saint Martins, who were tasked with reinterpreting its signature 1460 boot. Out of the nine designers participating in the initiative, four will be chosen as winners next February to then have their designs created and...

Retail |In pictures

Dr Martens opens first outlet in Germany

British shoe retailer Dr Martens has opened its first outlet store in Germany. The 155 square metre store is located in the Outletcity shopping centre in Metzingen, in the south of Germany, the bootmaker announced Tuesday. The retailer has teamed up with Stuttgart artist Vivien Staff, who has a dedicated area in the store to exhibit her works....

Fashion |In Pictures

Dr. Martens launches collaboration with Wacko Maria

Footwear brand Dr. Martens has launched its first-ever collaboration with Japanese streetwear giant Wacko Maria inspired by both brands’ mutual obsession with music. The Dr. Martens x Wacko Maria collaboration combines the heritage brand’s timeless 1461 Oxfords silhouette with Wacko Maria’s use of bold animal prints. The collection features two...

Business

Dr Martens reportedly target of activist investor

An activist investor has reportedly set its sights on Dr Martens after shares of the footwear specialist slumped in light of supply chain issues and a slowdown in sales. Fund manager Sparta Capital is understood to have quietly become one of the top shareholders in the LSE-listed company after accumulating stock worth “tens of millions of pounds...

Business

Dr Martens to direct focus on Americas following lower revenues

Footwear specialist Dr Martens has said that it will be turning its attention toward the Americas region after it experienced lower year-on-year revenues for the first quarter of the year. During its annual general meeting, the company did note that this financial year had fallen in line with its expectations and guidance given in its year end...

BusinessFeatured

Dr Martens posts record FY revenue, but profits slip amid ‘operational mistakes’

British bootmaker Dr Martens reported record revenue surpassing 1 billion pounds in its preliminary results for the year ended March 31, but its profits took a hit. The company’s revenue jumped 10 percent in the year, or 4 percent on a constant currency basis, as a strong performance in EMEA offset a softer performance in America. “Reaching this...

BusinessFeatured

Dr. Martens lowers profit outlook, announces CFO retirement

Dr. Martens expects FY23 EBITDA to be around 245 million pounds due to higher costs at LA DC (Los Angeles distribution centre) and lower wholesale revenue. The company also announced that its chief financial officer Jon Mortimore has decided to retire from his role and he will continue to hold the position until a successor is in place. “We took...