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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May- 2024 -14 MayNews
The British Footwear Association appoints new CEO
The British Footwear Association (BFA) has announced that Richard Shetliffe has been appointed as the new chief executive officer. Shetliffe takes up the position today (14 May), bringing a depth of experience and knowledge to lead the BFA. With over 30 years in the footwear and accessories industry, he has…
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Apr- 2024 -16 AprilNews
Today’s news in brief-16/4/24
Superdry has announced a restructuring plan targeting rent reductions across 39 UK stores. The company, seeking to secure its future amidst financial challenges, will undergo a delisting from the stock exchange. Founder Julian Dunkerton is underwriting an equity raise of up to £10m to support the initiative. While store closures…
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16 AprilClothing & Shoes
Dr Martens CEO to step down as US revenues decline
Dr Martens has revealed that CEO Kenny Wilson will step down this year, as the shoe retailer expects its USA decline in wholesale revenues to have a detrimental impact on profitability in FY25. Upon Wilson’s departure, the board has revealed that the current chief brand officer, Ije Nwokorie, will step…
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15 AprilNews
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 AprilClothing & Shoes
Dr Martens sues Temu over alleged Google ad trademark infringement
Dr Martens, the British footwear brand, has filed a lawsuit against online retailer Temu last week, over a trademark infringement, according to the Times. Dr Martens has alleged that Temu has advertised with Google, using keywords like “Dr Martens” and “Airwair”, to promote its boots sales. As a result, Temu’s…
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Mar- 2024 -11 MarchClothing & Shoes
Golden Goose revenues rise 18% in FY23
Italian shoe brand Golden Goose has experienced an 18% rise in net revenues to €587m (£500m) for the year ended 31 December 2023 ahead of its IPO this year. During 2023, the group reported that adjusted EBITDA stood at €200m (£170m), spelling an increase of 19% on FY22. The retailer…
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Feb- 2024 -1 FebruaryNews
Angel Central sales jump 16% in 2023
Islington destination Angel Central finished 2023 on a high, reporting a sales increase of 16% compared with 2022. The destination also had an increase in footfall of 6.4% compared to the national average of 2.9%, and transactions rose by 4%. The success comes as OFFICE, the fashion footwear specialist, recently…
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Jan- 2024 -25 JanuaryNews
Today’s news in brief-25/1/24
Halfords reported that its Q3 total revenues were up 1.6%, with a 2.0% increase on a like-for-like basis. However, December sales were weaker than expected due to mild and wet weather impacting demand for winter products and footfall in stores. While October and November showed strong sales, the weaker December…
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25 JanuaryClothing & Shoes
Dr Martens Q3 revenue drops 21% to £267.1m
Dr Martens has revealed that its revenues dropped 21% to £267.1m in the three months ended 31 December 2023. Alongside this, the company announced that its revenues dropped 18% to £273.8m on a constant currency basis. Furthermore, the company stated that its e-commerce revenue dropped 9% year-on-year and 8% on…
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2 JanuaryNews
Babbico appoints former Mothercare head as new CEO
Baby clothing retailer Babbico has appointed former CEO of Mothercare, Dan Le Vesconte, as CEO, with effect from 1 January 2024. Le Vesconte stepped down from his previous role as CEO of Mothercare in June 2023. Prior to Mothercare, Le Vesconte held senior roles at Abercrombie & Fitch as GVP…
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