Strong recovery in retail, according to Dr Martens
Footwear company Dr Martens held its annual general meeting in London on July 14.
It said trading in the first quarter of its current financial year, the period from April to June 2022, had been in line with its expectations. It said this quarter is usually the quietest for the brand.
Online sales were on a par with the final quarter of the previous financial year (January to March 2022), but Dr Martens said it was seeing a “strong recovery” in retail and that its wholesale order book was also strong.
“All our third-party factories are open,” the company said, “and are operating at 90% to 95% of planned capacity.” It added that shipping lead times “continue to improve steadily”.