Dr Martens’ profits climb as online sales soar

Dr Martens has reported a rise in sales and earnings

Footwear brand and retailer Dr Martens has posted a rise in annual sales and profits, helped by strong online growth.

Dr Martens reported revenue up 48% to £672m in the year to March 31, when operating profit soared 110% to £143m.

The retailer, which has 122 stores worldwide, reported that its direct-to-consumer businesses – ecommerce and retail – generated sales up 51% to £302m. Wholesale was ahead 45% to £371m.

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