Dr. Martens' Sales in Q1 2021 Surpass Pre-COVID Levels

Seeing a 52% increase over the same period last year.

Footwear 
4,518 Hypes 0 Comments

Following a turbulent year for the British footwear maker due to the ongoing coronavirus pandemic, Dr. Martens has now rallied in Q1 of 2021 to see sales rise above pre-COVID levels from 2019.

Over its past quarter ending June 30, the company managed to rake in £147.3 million GBP ($204.8 million USD), representing a whopping 52 percent growth from the same period last year, though the company calls it a “weak comparative” due to the pandemic. More impressively, the figure also marks a 31 percent increase over the first quarter of 2019, long before COVID-19 swooped in.

While its U.K. and European markets continue to recover from the pandemic economy with a 30 percent increase in revenue, its U.S. performance has been exceptional, seeing revenues grow by a whopping 106 percent. APAC remains the weakest region with 17 percent growth, with the Japanese market struggling the most due to store closures and COVID-19 restrictions.

“Very pleased” with its first-quarter performance, Dr. Martens CEO Kenny Wilson said in a statement that “Our large autumn/winter season begins from Q2 and our performance to date gives us confidence for the remainder of the year.”

Elsewhere in business-related news, here are the 100 most visible companies as ranked by Americans.

Read Full Article

What to Read Next

Dr. Martens Adds New Silhouette to Casual Collection
Footwear

Dr. Martens Adds New Silhouette to Casual Collection

The Tarik re-envisions six decades of utilitarian footwear.

Dr. Martens and Haven Prepare Mixed-Material 1461 Collaboration
Footwear

Dr. Martens and Haven Prepare Mixed-Material 1461 Collaboration

Producing using different leathers from C.F. Stead.

atmos and Dr. Martens Ready Anime-Inspired Tarik Zip Boot
Footwear

atmos and Dr. Martens Ready Anime-Inspired Tarik Zip Boot

Combining premium Docs construction with experimental detailing.


JJJJound Has Its Say on Dr. Martens’ Archie II Silhouette
Footwear

JJJJound Has Its Say on Dr. Martens’ Archie II Silhouette

Arriving in both “Dark Brown Crazy Horse” and “Black Wyoming” leathers.

North America Hit With “Most Extreme” Heatwave in June
Tech

North America Hit With “Most Extreme” Heatwave in June

A staggering 20 degrees Celsius hotter than average.

Americans Ranked the 100 Most Visible Companies
Tech

Americans Ranked the 100 Most Visible Companies

In The Axios Harris Poll.

New Balance 237 “Night Tide” Colorway Channels The Joker
Footwear

New Balance 237 “Night Tide” Colorway Channels The Joker

The lifestyle silhouette is doused in green and purple.

Serendipity 3 Is Celebrating August Birthdays With a New Special
Food & Beverage

Serendipity 3 Is Celebrating August Birthdays With a New Special

Including a free gift with the “It’s My Birthday Cake Sundae.”

Rick Astley’s “Never Gonna Give You Up” Passes One Billion Views
Music

Rick Astley’s “Never Gonna Give You Up” Passes One Billion Views

With rickrolling to thank for the video’s longterm success.


Saint Laurent Opens Tasteful New Stores in Greece and Spain
Design

Saint Laurent Opens Tasteful New Stores in Greece and Spain

Featuring Greecian and Art Deco architectural styles.

Sole Mates: Jourdan Ash and the Nike Air Force 1
Footwear 

Sole Mates: Jourdan Ash and the Nike Air Force 1

The journalist and True To Us founder speaks on her personal history with the Air Force 1, its cultural significance and more.

Tesla Hits $1 Billion USD in Quarterly Profit and Louis Vuitton Is Releasing NFTs in This Week’s Business and Crypto Roundup
Tech 

Tesla Hits $1 Billion USD in Quarterly Profit and Louis Vuitton Is Releasing NFTs in This Week’s Business and Crypto Roundup

While bitcoin topped $40,000 USD.

A 'Power Rangers' Restaurant Has Just Opened in Tokyo
Entertainment

A 'Power Rangers' Restaurant Has Just Opened in Tokyo

Doubling as a museum.

Stone Island Teases Project With New Balance’s Tokyo Design Studio
Fashion

Stone Island Teases Project With New Balance’s Tokyo Design Studio

Forming a part of the pair’s long-term partnership.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.