Dr Martens news and archive

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...

Report

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...

ManagementFeatured

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...

ManagementFeatured

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...

BusinessFeatured

ELeather rebrands as Gen Phoenix and announces new funding

ELeather, the world’s first and only producer of sustainable recycled leather at scale, is rebranding as Gen Phoenix after securing 18 million US dollars in funding to further its mission to create premium and eco-conscious next-gen materials. In a statement, ELeather said it will now be called Gen Phoenix, a name inspired by the cyclical...

Report

Dr. Martens names new independent non-exec director

Footwear retailer Dr. Martens has announced the appointment of a new member of its board following a “comprehensive search and selection process”. Andrew Harrison will be joining the team as an independent non-executive director from May 1, selected for his experience in a number of listed companies. Harrison is currently a managing partner at...

ManagementFeatured

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...

ManagementFeatured

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...

Report

Dr. Martens says Q1 trading in line with expectations

Ahead of its annual general meeting, Dr. Martens plc said in a release that trading since the start of this financial year is in line with the company’s expectations and the guidance set out at the year end results announcement for both the half year and the full year. The company added that in the three-month period, ecommerce was in line with...