Fashion
British brand Dr Martens posts $421 mn revenue in H1
Americas was the best performing region with revenue up 6 per cent; both DTC and wholesale were in positive growth. EMEA revenue declined 3 per cent with a continued subdued DTC performance against a promotional backdrop. APAC revenue grew 2 per cent with particular strength in South Korea and steady performance in Japan.
Dr Martens has reported £322 million (~$421 million) in H1 FY26 revenue, up 0.8 per cent CC, with stronger wholesale and 6 per cent growth in full-price DTC sales.
The Americas led with 6 per cent growth, while EMEA fell 3 per cent and APAC rose 2 per cent.
CEO Ije Nwokorie highlighted early progress on the consumer-first strategy and continued cost discipline despite a cautious market.
In the first half of fiscal 2026, gross margin improved 130bps to 65.3 per cent, with full price performance and continued good management of input costs more than offsetting channel mix and the headwind from higher tariff costs, the company said in a press release.
“As we set out in June, we’re pivoting from a channel-first to a consumer-first strategy. Our brand is strong, as evidenced by the 33 per cent increase in shoe volumes and the successful launch of new products such as the Zebzag Laceless boot and the 1460 Rain boot. While it’s still early days, we are happy with the advances we’re making and are seeing green shoots across each of our four levers for growth. This strategic progress, as well as the benefits from the cost action plan delivered last year and our continued focus on cost management, is delivering a meaningful improvement in our financial performance including a continued reduction in net bank debt,” Ije Nwokorie, chief executive officer, said.
The company’s consumer goal for FY26 is to increase full price sales and reduce clearance activity, and in H1 it delivered full price DTC revenue up 6 per cent, with full price DTC mix improving 5pts. In Product, it is focused on driving more purchase occasions and achieved a 33 per cent increase in shoe volumes in H1.
With Markets, the company has delivered new and expanded distribution partnerships for Latin America, Italy, UAE and the Philippines and deepened partnerships with its largest wholesale customers globally
“While the marketplace remains uncertain and consumers are cautious, and our biggest trading weeks are ahead, we are confident in our plans for the year. I am laser-focused on execution and setting the business up for growth in the coming years. I’d like to thank every member of the Dr Martens’ team, as well as our partners around the world, for their continued hard work and passionate commitment in this endeavour,” added Nwokorie.
Fibre2Fashion News Desk (RR)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
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