Dr. Martens sees mixed third quarter performance

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Dr. Martens sees mixed third quarter performance

Iconic Northamptonshire shoe brand Dr. Martens has seen a mixed performance around the world in its third quarter whilst making “good progress” in “turning around” its USA performance.

According to a trading statement for the Christmas period, covering the 13 weeks ended 29 December 2024, third quarter group revenue was up 3% (at constant currency) to £267m, with direct to consumer (DTC) revenue up 1% CC.

By channel, the DTC performance was the result of ecommerce revenue growing by 2% CC and retail revenue declining by 1% CC. Wholesale revenue, meanwhile, grew by 9% CC, against a weak comparative. The wholesale performance by region was in line with expectations, with EMEA and APAC up year-on-year and Americas wholesale down single-digit CC.

One of Dr. Martens’ key objectives this year is to return Americas DTC revenue to positive growth in the second half. The business is on track, with Americas DTC revenue up 4% CC.

EMEA DTC revenue, however, declined by 5% CC year-on-year, which the firm said was “impacted by the deep promotional nature of several markets, especially in December, when we maintained our discipline and only participated in promotional activity in line with our discounting strategy.“

APAC DTC was up 17% CC driven by ecommerce. The company’s largest market in the region, Japan, continued to deliver good growth.

Year to date group revenue, conversely, declined 9% to £599m CC.

Ije Nwokorie, Chief Executive Officer, said: “I am excited to be CEO of Dr. Martens. The global relevance of our iconic brand, the strength of our product line and the passionate commitment of our team give me great confidence for FY25 and beyond.

“Our Q3 trading was as expected and our outlook for FY25 remains unchanged. We have made good progress against our objective of turning around our USA performance, with USA DTC in positive growth in Q3.

“We continue to actively manage our costs and are on track to meet our inventory reduction target for FY25. The team and I are squarely focused on returning the business to sustainable and profitable growth.”

2025 Business Predictions: Jonathan Heath, director, Armsons Barlow

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2025 Business Predictions: Jonathan Heath, director, Armsons Barlow
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Jonathan Heath, director of project managers and building surveyors Armsons Barlow. The East Midlands economy is expected to continue its recovery in 2025, boosted by growth in key industries such as advanced manufacturing, logistics, and green energy. Regional infrastructure projects like the East Midlands Freeport and ongoing HS2 developments are set to bring investment and create opportunities across the supply chain. However, challenges such as labour shortages and energy costs will require businesses to adopt innovative approaches to remain competitive. Inflation is likely to stabilize at around 2.5%, but its effects will continue to weigh on businesses and households. While interest rates may decrease slightly, forecast changes to Stamp Duty on 1st April 2025 will also impact the housing market, both of which will pose challenges for homebuyers, particularly first-time buyers. We anticipate continued growth in key sectors of the construction industry, with warehousing and logistics hubs maintaining strong demand due to on-going e-commerce expansion. This is particularly relevant in the East Midlands, a central hub for national logistics. There is also likely to be sustained interest in the flex office sector as hybrid working models continue to grow in popularity. Housing pressures will drive continued development in the Private Rental Sector (PRS) and Built-to-Rent (BTR) markets, while public sector projects in education and healthcare are expected to grow following increased government funding commitments. Town centre regeneration will remain a critical focus. With numerous empty retail units, it’s imperative we explore creative solutions to breathe life into these spaces. A more flexible planning policy is essential to repurpose buildings into mixed-use developments, such as residential, office or leisure facilities to avoid the long-term decline of our town centres. Nationally, we expect construction inflation to stabilise, although high borrowing costs may constrain new private developments. The emphasis on sustainability will continue to shape the sector, with stricter carbon targets and the increasing adoption of energy-efficient building methods, such as modern methods of construction (MMC) and retrofitting. While economic growth may remain modest, the East Midlands is well-positioned to capitalise on its strengths, offering opportunities for businesses that adapt to emerging trends and challenges. Armsons Barlow will continue to play a pivotal role in delivering cost-effective, future-proof solutions for these evolving market needs.

2025 Business Predictions: Matthew Hayes, Managing Director, Champions (UK) plc

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2025 Business Predictions: Matthew Hayes, Managing Director, Champions (UK) plc
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Matthew Hayes, Managing Director at Champions (UK) plc. Business confidence has taken a downturn in recent months, with growth expectations turning negative for the first time in 2024. The OECD (Organisation for Economic Cooperation and Development) said British inflation was likely to average 2.7% in 2025 – higher than in any other G7 country. The landscape for business is likely to get harder before it improves. The Government and The Bank of England seem to be set on challenging, rather than supporting entrepreneurial opportunity creators. The marketing landscape will evolve in 2025. With the continued growth of AI, technology will play a greater role in marketing. AI is a powerful tool and enables businesses to go bigger, faster and stronger quickly BUT it is not a silver bullet. The key is, and always has been, having the basics in place. This includes ensuring frequency and consistency of customer messaging and also brands being able to differentiate their offering through a multichannel approach. The more that technology influences marketing, the more people will crave genuine human experiences. This provides a challenge for marketing managers as to how they can embed these new tools into their marketing plans. In social media there will be a move away from controversial social media platforms like X. Increasingly, social media channels will grow in impact beyond just channels for engagement and brand awareness, into revenue-driving performance channels. Entrepreneurs are used to overcoming adversity and turning challenges into opportunities. In times of uncertainty, the key is to go left when everyone else goes right. Double down on sales & marketing activity rather than cut back. When competition is reduced, you get a greater share of voice for your money. Spend and grow while the rest are just ‘surviving’, so when the market bounces back, your brand has greater market share.

West Burton solar project gets go-ahead

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West Burton solar project gets go-ahead
Island Green Power’s West Burton Solar Project has received the go-ahead from Secretary of State Ed Milliband. The West Burton Solar Project will provide solar and energy storage in several land parcels in Lincolnshire and Nottinghamshire, approximately 7.4km to the south and up to 14.6km southeast of Gainsborough in the local authority of West Lindsey District Council. This Nationally Significant Infrastructure Project (NSIP) will provide three electricity generating stations, each with anticipated capacity in excess of 50MW, comprising ground mounted solar arrays, with associated development comprising energy storage, grid connection infrastructure and other infrastructure integral to the construction, operation, and maintenance of the NSIPs. On completion the project is set to supply up to 480 MW of clean electricity to the National Grid. That’s equivalent to the energy needed to power around 144,000 homes and replace around 24% of the capacity of the coal powered West Burton Power Station. Tara Chopra, Technical Director (EIA and Major Infrastructure) at Lanpro, who supplied planning, EIA and environmental expertise, said: “We are delighted with the outcome of the Secretary of State’s announcement today for West Burton, which marks the successful conclusion of three years of dedicated work by Lanpro for Island Green Power. “This decision enables the project to deliver affordable, clean energy to hundreds of thousands of households across Lincolnshire and Nottinghamshire. It plays a vital role in advancing the nation’s Net Zero goals. “Again, this is a strong reflection of the current government’s commitment to renewable energy, and we are optimistic that it will lead to more favourable outcomes for our clients in the renewable sector.” In preparing the planning application, Lanpro worked alongside Pinsent Masons (legal advisor), Dalcour Maclaren (land referencing) and Counter Context (communications).

Charnwood businesses offered free sustainability help

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Charnwood businesses offered free sustainability help
Businesses in Charnwood are being offered free access to a digital platform aimed at helping them become more sustainable. Charnwood Borough Council has secured 12 two-year subscriptions to sustainability coaching platform Zellar, which sets out to simplify the process of calculating and understanding carbon emissions, enabling businesses to develop tailored decarbonisation plans. Through the platform, businesses can track their progress, measure their impact, and report on their sustainability initiatives as part of their journey towards ‘net zero’, which means no longer adding to the total amount of greenhouse gases in the atmosphere. Charnwood businesses are being invited to apply for the 12 licences, which will be awarded on a first come, first served basis, and are being funded via the Government’s UK Shared Prosperity Fund. Councillor Jennifer Tillotson, the Council’s lead member for economic development, regeneration and town centres, said: “This investment demonstrates our commitment to supporting local businesses and driving sustainable growth within Charnwood. “Zellar provides a user-friendly tool that empowers businesses to take control of their sustainability journey and reduce their environmental impact.” Gary Styles, founder and CEO of Zellar, added: “We are delighted to welcome Charnwood Borough Council to the Get Zero, Get Zellar programme. “This partnership demonstrates the Council’s commitment to supporting local businesses and driving sustainable growth. “We encourage businesses in the region to take advantage of this opportunity to accelerate their decarbonisation journey.”

Plans for state-of-the-art Leisure Centre and Civic Office in South Derbyshire take leap forward

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Plans for state-of-the-art Leisure Centre and Civic Office in South Derbyshire take leap forward
Plans for a state-of-the-art Leisure Centre and Civic Office in South Derbyshire have taken a major leap forward, with advanced proposals heading to Full Council next month for final approval. South Derbyshire District Council has spent the past year developing and refining the vision for the project, exploring a range of options and consulting with stakeholders to ensure the final plans meet the needs of the community. The ‘once-in-a generation’ project will replace two outdated facilities on Civic Way, Swadlincote, with a single energy-efficient, dual-purpose complex at Cadley Park. Designed to serve residents, elected Members and employees, the development looks to enhance public services, improve environmental sustainability, and unlock significant opportunities for local regeneration. Both the current Civic Offices and Green Bank Leisure Centre are ageing, costly to maintain, and no longer fit-for-purpose. The proposed new facility will replace outdated infrastructure issues, creating a future-proof hub for health, wellbeing, and governance in South Derbyshire whilst contributing significant savings over the life of the new facility. After a comprehensive options appraisal, Cadley Park was chosen for its size, existing links to the Golf Centre, Country Park, and Urban Park, and its potential to attract future commercial investment. Together with these facilities, the site has substantial potential to become a major destination for visitors, offering even more reasons to explore South Derbyshire. Cllr Robert Pearson, Leader of South Derbyshire District Council, hailed the project as a generational investment: “This is a proud moment for our community. These plans underline our commitment to enhancing services, promoting sustainability, and securing long-term value for residents. With Full Council’s approval, we can move swiftly into delivering this transformational development.” The project will transform the site of the old leisure centre and civic offices, unlocking a prime town centre gateway that will drive regeneration and growth. Additionally, a new Customer Hub will be established in Swadlincote town centre, providing residents a more accessible and central location to engage with services currently offered through the Civic Offices. Final approval at the Full Council meeting on 27 February will mark the start of the delivery phase, with work set to begin immediately. During this phase, the Council will continue collaborating with stakeholders, service users, employees, and Members to refine the site’s design and function.

Council to pay over £94,000 after losing logistics development planning appeal

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Council to pay over £94,000 after losing logistics development planning appeal
Blaby District Council has revealed it must pay £94,111 in costs following the loss of the planning appeal for the Enderby Hub. In July at a public hearing a government planning inspector reviewed the Council’s rejection of the initial application for the logistics complex at St Johns. The site was identified for employment use in the Blaby District Local Plan, adopted in 2019. However, Planning Committee members turned down the original outline application from Drummond Estate and Inverock Ltd at planning committee in October 2023. Following the appeal the planning inspector overturned the refusal, granting permission for the hub. While the appeal decision was announced in September the costs, which will be paid to the developers, have only just been confirmed. They are expected to be found from the Council’s reserves. The hub includes plans for four warehouses, offices, gatehouses, and a potential education and training centre, with new access off Leicester Lane. The 83-acre site is now being marketed for sale by the landowners. Councillor Ben Taylor, Blaby District Council Portfolio Holder for Planning, said: “It is clearly disappointing that we must bear the brunt of these costs. Although the site was designated for employment use in our Local Plan, Blaby District Council’s Planning Committee initially refused the Enderby Hub application. “However, this was overturned by the Planning Inspector, who then awarded costs to the applicant. The Planning Committee made their decision at the time and as a Council we have a duty to respect that decision and defend it.”

New jobs set for Derby as Rolls-Royce signs landmark Ministry of Defence contract

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New jobs set for Derby as Rolls-Royce signs landmark Ministry of Defence contract
Rolls-Royce has signed the biggest UK Ministry of Defence (MoD) contract in its history, creating 1,000 new roles within Rolls-Royce Submarines which will predominantly be seen in Derby. The Unity contract stretches over eight years and brings together all elements of research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy’s fleet of submarines. This contract between Rolls-Royce Submarines Ltd and the UK MoD, forms a single, harmonious capability portfolio.
Unity will enable improved focus on simplification and efficiency and better outcomes for the UK Royal Navy. It represents a significant undertaking and investment by the UK government and industry, providing thousands of highly skilled jobs across the country and an enduring commitment for the decades ahead. Rolls-Royce designs, builds and maintains all of the nuclear reactors that power the Royal Navy’s fleet of submarines. This eight-year Unity contract is worth £9 billion and will provide full support of the in-service UK Royal Navy submarine fleet throughout the period. It also includes continued support of the build and commission of Dreadnought Class submarines and the beginning of the previously announced SSN-AUKUS contracts. The contract is the first of its kind awarded by the UK MoD and is the culmination of years of planning between Rolls-Royce and UK MoD, potentially creating a new way of doing business between Government and industry. With a long-term commitment across the Rolls-Royce Submarine programmes, Unity draws together current and upcoming work into one portfolio. It is designed to incentivise an even more collaborative working relationship between Rolls-Royce and the UK MoD.

Steve Carlier, President Rolls-Royce Submarines, said: “We’re delighted to announce the Unity contract, which confirms our commitment to the Royal Navy and the Defence Nuclear Enterprise. This long-term contract enables us to invest in the right skills, equipment, and facilities to play our part in protecting UK interests at home and overseas.

“The Unity contract enables our business to work truly collaboratively with the Ministry of Defence, meeting the evolving needs of the UK Royal Navy, further improving reactor plant design, delivery and in-service support, ensuring the continuing security of our nation at a time of global uncertainty.”

Defence Secretary, John Healey MP said: “This investment in Britain’s defence will deliver a long-term boost to British business, jobs and national security.

“In line with our upcoming defence industrial strategy, this deal with Rolls Royce, a historic British success-story, will support high-skilled UK jobs who equip the thousands of submariners that keep us all safe. We are showing defence can be an engine for growth, while also driving better value for taxpayer money. “National security is a foundation of our government’s plan for change, and this is a clear demonstration of our commitment to the UK’s nuclear deterrent, which is our ultimate insurance policy in a more dangerous world.”
The Unity Contract will create an additional 1,000 new roles within Rolls-Royce Submarines by the end of the contract. This will predominantly be seen in Derby, but also includes recently announced satellite offices in Glasgow and Cardiff. The Unity contract also brings opportunities to the supply chain, the vast majority of which is in the UK. The ability to develop long term, strategic relationships with long lead times means more capability, a longer lookahead and more competition in the supply chain, bringing enhanced benefit to the UK economy.

2025 Business Predictions: Art Lindop, Managing Director of Alphageek Digital

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2025 Business Predictions: Art Lindop, Managing Director of Alphageek Digital
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Art Lindop, Managing Director of Alphageek Digital. In 2025, digital marketing agencies will face a fast-changing landscape driven by AI, shifting platform dominance, and economic uncertainty. AI will continue to play a huge role in content creation, making it easier to produce creative assets and copy optimised for platform algorithms. Platforms like Meta and TikTok, powered by AI-driven systems, will reward brands that align their content with audience behaviours and trends. Agencies will need to stay ahead of the curve, mastering AI tools to ensure campaigns deliver maximum visibility and engagement. With TikTok facing a ban in America, it’s likely that we will see Meta – particularly Facebook and Instagram – reassert its dominance. Smart brands will double down on Meta’s ecosystem as a scalable and reliable advertising platform, giving agencies a chance to recapture audiences and experiment with fresh creative strategies. However, this shift could put smaller businesses under pressure, forcing them to rethink budgets and recalibrate their digital strategies. The economic climate will also divide brands into two camps: some will view this as a “land grab” moment, doubling down on digital investments to grow their market share, while others will take a defensive approach, focusing only on their core offerings. Agencies will need to help clients cut through the noise with razor-sharp messaging and clear value propositions – especially in e-commerce, where low-value goods will face increased scrutiny. Consumers will demand more thoughtful spending, creating opportunities for brands that effectively communicate quality and relevance. In 2025, digital marketing agencies that embrace agility, precision and a data-driven approach will thrive. Those who adapt quickly to AI, platform shifts, and changing consumer expectations will come out on top.

2025 Business Predictions: Sam Savage, Managing Director at Acorn Analytical Services

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2025 Business Predictions: Sam Savage, Managing Director at Acorn Analytical Services
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Sam Savage, Managing Director at Acorn Analytical Services. 2025 will be difficult to predict in the asbestos industry due to the continued economic uncertainty and subdued growth for all sectors. Although compliance should be mandatory, we often see many companies cutting back on health and safety and compliance to funnel funding to other areas. With National Insurance contributions and wages also going up, costs are due to increase for businesses across the board. The cost of asbestos removal is also likely to go up with the increase in landfill tax due to be implemented in April 2025. However, with the increased spotlight on asbestos within the government and the HSE, compliance should remain essential and the requirement for asbestos safety services should be high priority for firms. We believe that heavily investing in innovation, technology and improving the customer experience will be the key to success in 2025. Artificial Intelligence will continue to have an influence over how companies operate as the limits to this technology are endless, particularly in our industry where programming multiple sites could be done at the touch of a button going forward. Workforce training and development is also a vital tool for businesses to ensure staff are happy and retain their expertise. Your greatest asset is your people.
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