Dr Martens reports strong Christmas as it completes deal with Permira
Footwear retailer Dr Martens has reported a 20% surge in retail like-for-like sales in the UK over the Christmas trading period with total UK sales rising by 65%.
In December 2013, global revenue also rose by 20% compared to the same month in the previous year as group retail sales climbed by 69%. Group retail like-for-like sales increased by 15%.
Online sales across the group grew by 36% in the period.
Dr Martens chief executive David Suddens said: “We had a good Christmas in all regions and all channels and didn’t have to discount early to get growth. The new year has started well and the rest of the year looks set to be strong.”
The retailer has also confirmed that Permira Funds has completed the £300 million acquisition of R Griggs Group Limited, the parent company and licensee of the Dr Martens brand.
