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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Jul- 2023 -14 JulyClothing & Shoes
Dr Martens wholesale revenues continue to decline in Q1
Dr Martens has reported that since the start of this financial year, its wholesale revenues have been lower year-on-year across all regions, which the group stated has been in line with expectations. This also included the impact of the strategic decision to reduce EMEA online retailer supplies and cease sales…
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Jun- 2023 -9 JuneHigh Street
Mothercare CEO steps down after five months
Mothercare CEO Daniel Le Vesconte has stepped down from his role with immediate effect after only five months. Vesconte joined Mothercare from Abercrombie and Fitch in January after having roles at Airwair International, owner of Dr Martens and Vans. He was the first CEO of Mothercare since 2020 after covid…
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1 JuneClothing & Shoes
Dr Martens profits drop 29% to £128m
Dr Martens has reported that its profit after tax declined 29% to £128m for the year ended 31 March 2023, despite generating revenues of £1bn for the first time. It stated that its profit before tax was down because of higher depreciation and amortisation, a £3.9m impairment charge and a…
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Apr- 2023 -14 AprilClothing & Shoes
Dr Martens downgrades FY guidance amid higher costs
Dr Martens has downgraded the group’s FY23 guidance with EBITDA now expected to be around £245m due to higher costs at its US stores and lower wholesale revenue. While the group’s total revenue for the fourth quarter grew by 6% due to growth in EMEA and APAC, the expected EBITDA…
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Mar- 2023 -24 MarchClothing & Shoes
Dr. Martens appoints new director to board
Dr. Martens has appointed Andrew Harrison as an independent non-executive director following a “comprehensive” search and selection process. Harrison, who assumes the role from 1 May, is a managing partner at consumer brand investment firm Freston Ventures. He is also a senior independent director at Ocado Group, where he is…
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Feb- 2023 -27 FebruaryNews
M&S appoints new non-executive director
Marks and Spencer has appointed a new non-executive director, Cheryl Potter, who will join the board as well as the nomination committee from 1 March 2023. Potter has previously worked as the head of the global consumer team at private equity firm Permira, building a highly successful track record as…
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Jan- 2023 -19 JanuaryClothing & Shoes
Dr Martens warns on profits amid US disruption
Dr Martens has warned that its profits and revenues could drop after it faced “significant operational issues” at its new distribution centre in Los Angeles. The retailer has blamed people and process errors which caused a stock bottleneck. It has opened three temporary facilities to deal with the issue. The…
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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24 NovemberHigh Street
Dr Martens profits fall 5% after growth investment
Dr Martens has recorded a 5% fall in pre-tax profits to £57.9m during the six months to September 30, while EBITDA was flat year on year at £88.8m. The business sold 6.3m pairs of boots, shoes, and sandals, up 400,000 on an underlying basis compared with the same period of…
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Jul- 2022 -14 JulyClothing & Shoes
Dr Martens trading remains steady in Q1
Dr Martens has told investors its trading since the start of the year is in line with the guidance set out at its FY trading announcement for both the half and full year, after a period of strong trading in its first quarter. In its latest update, the boots retailer…
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