Dr Martens news and archive

Dr. Martens names new CEO, projects challenging FY25

Dr. Martens expects its FY24 results to be in line with guidance with direct to consumer (DTC) achieving high single-digit growth in the fourth quarter, compared with a 3 percent decline in the previous quarter as a result of good growth across EMEA, a flat outcome in the USA and a very strong result in APAC, led by Japan. However, for FY25, the...

Business

Dr. Martens sues Temu for trademark infringement

Footwear specialist Dr. Martens is preparing to take on Temu for alleged trademark infringement, launching a lawsuit in an attempt to halt the Chinese marketplace from using keywords associated with the brand. The legal action was taken to the UK’s High Court, according to a report by the Times, for which a case filing alleged that Temu had been...

Business

Dr. Martens shareholder reportedly pushing for strategic review

A shareholder for Dr. Martens is believed to be urging the boot maker to begin a strategic review that could end with a sale in a bid to secure a stronger share price. According to a letter seen by Reuters, investment firm Marathon Partners Equity Management is calling for such a process due to a stalled earnings growth and sharp share price...

Fashion |In Pictures Featured

Dr. Martens launches reclaimed leather collection

British heritage footwear brand Dr. Martens is continuing to push its sustainability initiatives with its first collection made from reclaimed leather. The Genix Nappa collection has been fully made from reclaimed leather using leather offcuts from tanneries that would have otherwise been destined for landfill. The offcuts are put through a...

Fashion

Dr. Martens launches new repair service

British footwear brand Dr. Martens has teamed up with footwear restorers The Boot Repair Co. to launch a new repair service in the UK to prolong the life of its boots, shoes, sandals, and accessories. The authorised repairs will utilise the same machines, methods and materials used on new pairs of Dr. Martens and will offer more than 10...

Report

Dr Martens: Quarterly sales fall by 21 percent

British footwear supplier Dr Martens Plc suffered a significant drop in sales in the third quarter of the 2023/24 financial year, not least due to weak business in the US and in wholesale. This was revealed in an interim statement published by the company on Thursday. According to the statement, sales in the period from October to December...

Report

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...

Report

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...

News

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...