Dr Martens sees rising revenues in east Asia

From BBC - October 23, 2017

Footwear brand Dr Martens has revived the old rock star's dream of being big in Japan.

The British bootmaker benefited from opening five new Japanese stores and one in Hong Kong in the last financial year, while it also saw a strong performance in South Korea.

The success in east Asian markets boosted its revenues in the region by 88% to 22m in the year to 31 March.

Overall, its full-year revenues rose 25% to 290.6m.

"Despite a challenging retail environment, we have delivered double-digit growth across all areas of the business and continue to see the investments in our people, structure and operations as an integral part of our aim to deliver long-term sustainable growth," said chairman Paul Mason.

Chief executive Steve Murray left the firm earlier this year as part of a "mutual decision".

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