{"id":3480,"date":"2018-10-22T09:25:50","date_gmt":"2018-10-22T09:25:50","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/dr-martens-profits-march-forward\/"},"modified":"2018-10-22T09:25:50","modified_gmt":"2018-10-22T09:25:50","slug":"dr-martens-profits-march-forward","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/dr-martens-profits-march-forward\/","title":{"rendered":"Dr Martens’ profits march forward"},"content":{"rendered":"\n
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\"DrImage copyright<\/span>
\n Kirstin Sinclair<\/span><\/p>\n

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Strong sales in Europe and the Middle East have boosted profits at UK footwear firm Dr Martens.<\/p>\n

Earnings grew 33% to \u00a350m in the year to March, with sales up 20% to \u00a3348.6m.<\/p>\n

The Northamptonshire-based company, most famous for its distinctive boots, said it had seen double-digit growth in revenues and profits in all regions. <\/p>\n

It started production in Northampton in 1960, and although most of its boots are now made overseas about 70,000 a year are still made at the UK factory.<\/p>\n

Dr Martens makes more than half of its revenues from its most recognisable product, the 1460 boot and sister product the 1461 shoe.<\/p>\n

The company said 40% of its revenues came from selling direct to consumers.<\/p>\n

‘Scope for growth’<\/h2>\n

Over the year the company, which is owned by private equity firm Permira, opened 25 new stores, including nine in the UK, giving it a total of 94 owned stores worldwide.<\/p>\n

The company said it had “spotted” a number of high-profile people sporting its wares, including David and Brooklyn Beckham, Kanye West, Pharrel Williams and Cardi B.<\/p>\n

Paul Mason, chairman of Dr. Martens, said: “This has been a fantastic year for Dr. Martens.” He said there was still “significant scope for growth across our markets, particularly via our Direct to Consumer channels, and this will remain a strategic priority in the years ahead”.<\/p>\n

In the past year the company appointed a new chief executive, Kenny Wilson, whose previous job was at the retro-style homeware and fashion brand, Kath Kidston. <\/p>\n

Dr Martens’ air-cushioned sole was developed by Munich-based Dr Maertens and Dr Funck and the UK patent rights were sold to R Griggs Group. <\/p>\n

The footwear that emerged from their collaboration was initially sold as a work boot, but was taken up by the early skinhead youth movement of the 1960s.<\/p>\n

The boots also become popular with punks in the 1970s and had a resurgence when Britpop emerged in the 1990s.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Kirstin Sinclair Strong sales in Europe and the Middle East have boosted profits at UK footwear firm Dr Martens. Earnings grew 33% to \u00a350m in the year to March, with sales up 20% to \u00a3348.6m. The Northamptonshire-based company, most famous for its distinctive boots, said it had seen double-digit growth in revenues and … <\/p>\n","protected":false},"author":0,"featured_media":3481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3480"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3481"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}