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Retail - Dr Martens celebrates “exceptional growth”
17 August 2020

Dr Martens has seen its yearly sales and profits rise thanks to a strong online performance.

 


 

Dr Martens has seen its yearly sales and profits rise thanks to a strong online performance.

In the year to March 31, the footwear retailer recorded a revenue rise of 48 per cent to £672.2 million, while operating profit surged by 110 per cent to £142.5 million.

Dr Martens said its direct-to-consumer businesses recorded a total sales rise of 51 per cent to £301.6 million.

Wholesale was ahead with a 45 per cent rise to £370.6 million.

Dr Martens said it had achieved a ”balanced global performance with all major markets reporting double-digit revenue growth”.

To read the rest of this story by Sahar Nazir, click on Retail Gazette

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