Dr Martens
This coverage examines Dr Martens’ strategy, performance, and brand activity within the UK footwear and fashion market. Reporting focuses on financial results, store openings, leadership changes, product strategy, and global positioning. Aimed at retail executives, buyers, and brand managers analysing heritage brand management, consumer demand, and competitive dynamics in footwear and lifestyle retail.
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Nov- 2024 -28 NovemberNews
Dr. Martens swings to £28.7m half-year loss as sales fall
Dr. Martens has fallen to a profit loss of £28.7m in its half-year results, down from a profit of £25.8m the prior year, amid falling sales over the period.In the period ended 29 September 2024, revenues were down by 18% to £324.6m, in line with its guidance for a 20%…
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Oct- 2024 -29 OctoberNews-In-Brief
Today’s news in brief-29/10/24
The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…
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29 OctoberClothing & Shoes
Dr Martens owner acquires stake in K-Way
Permira Growth Opportunities II, a fund advised by global investment firm and owner of Dr Martens Permira, has entered into an agreement to acquire a significant minority stake in K-Way, a premium French outerwear brand, from BasicNet SpA, led by the Boglione family. Founded in 1965 in Paris, K-Way has…
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Jul- 2024 -12 JulyNews
Today’s news in brief-12/7/24
Carpetright, facing intensified competition and reduced demand, has enlisted PwC to explore a potential sale. This move, likely to proceed as a pre-pack deal or a company voluntary agreement, aims to stabilise the company amidst financial pressures exacerbated by recent cyberattacks and operational restructuring efforts. The retailer has already initiated…
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12 JulyClothing & Shoes
Dr Martens says trading in line with expectations ahead of AGM
Dr Martens has revealed that since the start of the year trading has been in line with expectations, ahead of its annual general meeting (AGM). The footwear retailer has also announced that its current financial year will be “very second-half weighted” particularly in terms of profits, citing that Q1 has…
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Jun- 2024 -13 JuneNews
Today’s news in brief-13/6/24
Singapore-based fashion retailer Shein has raised prices by over a third on core items to boost revenue ahead of its anticipated IPO on the London Stock Exchange. Coresight Research estimates Shein’s revenue will reach $50bn this year, a 55% increase from last year. The company’s price hikes have outpaced competitors…
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13 JuneClothing & Shoes
Dr Martens secures new majority shareholder amid restructure
Dr Martens has revealed that Guernsey-based IngreGrsy Limited has acquired a 38.46% ownership stake in the British retailer. The announcement is part of a restructure within Dr Martens’ owner Permira’s buyout fund. Permira had acquired the bootwear company from R Riggs Group Limited in January 2014 for £300m. As a…
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May- 2024 -30 MayNews
Today’s news in brief-30/5/24
Marks & Spencer (M&S) has appointed Alison Dolan as its new chief financial officer, succeeding interim CFO Jeremy Townsend, who will remain until May 2025. Dolan, currently the CFO at Rightmove, brings extensive experience from roles at News UK and Sky. M&S CEO Stuart Machin praised Dolan’s background in fast-paced,…
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30 MayClothing & Shoes
Dr Martens to cut £25m in costs as full-year profits plummet
Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months ended March, following weak demand in the US market. Throughout the year, revenues for the company fell by 12% to £877m, though DTC revenue rose by 2% to £533.1m, primarily…
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14 MayNews
Today’s news in brief-14/5/24
Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…
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