Skip navigation

Gloucestershire Business News

'Exceptional' lockdown growth for Dr Martens

Footwear manufacturer and retailer Dr Martens has reported a rise in both sales and profits during the lockdown period.

The business revealed a revenue rise of 48 per cent to £672.2 million in the year to March 31, with operating profits also increasing by 110 per cent to £142.5 million.

Direct-to-consumer business saw a total sales rise of 51 per cent to £301.6 million, whereas wholesale sales rose 45 per cent to £370.6 million.

Dr Martens had shut all of its stores back in March due to the coronavirus lockdown and put much of its workforce onto the furlough scheme, but it has since reopened most of its stores and reportedly paid back its furlough grants to the Government.

Chief executive Kenny Wilson said: "We have delivered another year of exceptional growth driven by our consumer first strategy and continuous investment in the business.

"Our performance demonstrates the resilience and strength of our brand at a time of great uncertainty.

" The last few months have been a very challenging time for everyone, and I am extremely proud of the resilience and commitment our teams have shown, which has enabled us to continue delivering for our customers throughout the pandemic.

" Looking ahead, while we are currently in a volatile and uncertain trading environment, we have a very clear strategy in place supported by a strong brand and consumer connections, and I am confident in the outlook for the business."

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Marketing Gloucester report passed on to police Image

Marketing Gloucester report passed on to police

The leader of Gloucester City Council has confirmed a report into the financial collapse of Gloucester Marketing has been referred to Gloucestershire police.

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park Image

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park

An enterprise zone development being built by Barnwood Construction is due to be completed by its December deadline.

Council agrees delayed plan for next four years Image

Council agrees delayed plan for next four years

Cotswold District Council has approved its key objectives over the next four years after its agreement was delayed and updated due to the onset of the coronavirus pandemic.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.