Growth reported by a number of producers
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Footwear producer Dr Martens has reported revenue of GBP 418.6 million (USD 514.5 million) for the first half of its current April to September 2022 financial year. According to chief executive Kenny Wilson, an important contributing factor in this 13 per cent year-on-year growth was the company’s strategy to prioritise direct-to-consumer sales.
Rocky Brands has posted net sales of USD 147.5 million for the third quarter of 2022, which represents an increase of 17.5 per cent when compared to the same period of last year. From July to September 2022, the US company’s wholesale sales rose by 25.8 per cent, amounting to USD 120.7 million. Retail sales saw a 7.3 per cent boost during this period, totalling USD 23.4 million.
Yue Yuen Group logged revenue of USD 6.97 billion in the first nine months of 2022, an 8.2 per cent revenue growth compared to the same period on 2021. The group reported that the volume of shoes shipped during this period reportedly grew by 19 per cent to 213 million pairs, due to ‘solid global demand for its footwear products’.
Columbia Sportswear posted a net sales figure for the third quarter of 2022 which had risen year-on-year by 19 per cent. This was said to have been driven by the performance of the Sorel and Columbia brands, which increased by 28 per cent and 19 per cent respectively. During this period, the company’s net sales grew by 19 per cent to total USD 955 million.
This article was originally published on page 2 of the December 2022 issue of SATRA Bulletin.