Dr Martens news and archive

Dr Martens lowers FY guidance amid US warehouse issues

British brand Dr Martens has lowered its full-year profit guidance for the second time in two months amid supply chain disruption and a drop in DTC demand in the US. The company said Thursday it expects FY EBITDA of between 250 million pounds and 260 million pounds, which could be up to 25 million pounds lower than its previous estimate. Chief...

19 Jan 2023

BusinessFeatured

Dr Martens revenue up 13 percent, but profits narrow

Dr Martens has reported narrowing profits for the first half of the year despite a 13 percent increase in revenue. The British bootmaker made a profit after tax of 44.7 million pounds in the six months to September 30, down from 48.6 million pounds a year earlier. Its EBITDA was flat at 88.8 million pounds. The drop in profit came as the company...

24 Nov 2022

BusinessFeatured

Dr Martens posts record annual revenue, ups FY23 guidance

British bootmaker Dr Martens has upped its outlook for the fiscal year 2023 after reporting record revenue in the 12 months to March 2022. The brand made revenue of 908.3 million pounds in the year, an increase of 18 percent from a year earlier. The jump in revenue came as the company sold 14.1 million pairs of boots, shoes, and sandals - the...

1 Jun 2022

Business

Dr Martens prepares to enter resale market with Depop

Dr Martens has revealed plans to enter the repair and resale market through a new collaboration with online second-hand marketplace Depop. The duo will be working on the heritage brand’s ReSouled scheme, in which used Dr Martens can be repolished, given new laces, soles, heel loops and insoles before they are put back onto the market at around...

30 May 2022

PeopleFeatured

Dr Martens taps new global creative director

Bootmaker Dr Martens has named Darren McKoy as its new global creative director. McKoy, affectionately known as DMac, first joined Dr Martens' product team back in 2015, before working his way up the ranks to serve as global category product director. He has now been promoted to the creative helm of the iconic British label. Prior to joining Dr...

31 Mar 2022

Business

Dr Martens awards all staff 500 pounds worth of shares

Dr Martens has awarded shares to approximately 2500 employees as the British footwear company saw a growth in revenue. In its trading update, Dr Martens said it sold a record 6.3 million pairs of shoes during the period, experienced online growth and benefited from shops reopening from lockdown. With pre-tax profits for first half year sales up...

12 Dec 2021

Fashion

Streetwear sandals: Dr. Martens x Suicoke

British bootmaker Dr. Martens who has been into collaborations with other brands and stores like Atmos, JJJJound and Rick Owens to expand its offer, has most recently teamed up with Japanese footwear brand Suicoke. The result is an exclusive sandal collection that pairs Suicoke’s slip-on Mura model with Dr Martens’ custom Lorsan outsole. “...

24 Aug 2021

Fashion

Anime meets boots: Atmos x Dr Martens

British bootmaker Dr Martens has collaborated for a second time in 2021 with Japanese sneaker shop Atmos: The result is an anime-inspired, premium take on the utilitarian “Tarik” boot whose design draws on the parallels between the strong visuals of streetwear and the bold, arresting graphics of Japanese anime. Dr Martens Combining streetwear...

17 Aug 2021

BusinessFeatured

Dr Martens Q1 sales jump above pre-Covid levels

British bootmaker Dr Martens has reported a surge in first-quarter sales ahead of pre-Covid 2019 levels. The company, which earlier this year launched its IPO on the London Stock Exchange, said revenue in the three months to June 30 reached 147.3 million pounds - that’s 52 percent higher than a year ago, which the company said was a “weak...

29 Jul 2021

Fashion Featured

Shein, the Chinese fast fashion giant, is plagued for copying western brands

Shein, the Chinese fast fashion company making a splash in the west, is the latest Chinese platform allegedly selling counterfeit goods. Now the largest cross-border e-commerce player in China, Shein has seen fast growing audiences in the US, France, Russia, Germany and 200 other countries, but not without controversy. The explosion of Shein’s...

15 Jun 2021

BusinessFeatured

All you need to know about Dr. Martens’ IPO

Beloved boot brand Dr. Martens offered some cheer to battled trading floors on the last Friday of January when it launched its initial public offering (IPO) on the London Stock Exchange. Here is everything you need to know about the second fashion IPO of 2021. “We have been delighted by the strong levels of interest, engagement, and support from...

31 Jan 2021

BusinessFeatured

Dr Martens confirms plans to float on London Stock Exchange

British footwear brand Dr Martens has confirmed plans to float on the London Stock Exchange. The company had already said it was “considering” a floatation, but on Monday confirmed the news in a statement. An offer price for the shares was not disclosed. Dr Martens plans London Stock Exhange IPO The bootmaker, which is owned by private equity...

18 Jan 2021