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UK Bootmaker Dr. Martens Sales Fall on Subdued Demand 

Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
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UK Bootmaker Dr. Martens Sales Fall on Subdued Demand 

Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)

British bootmaker Dr. Martens posted a 3% fall in its third-quarter reported revenue on Monday, as consumers stayed away from pricey purchases in key markets due to economic uncertainties.

The company, whose leather boots can be priced as much as $200, has been cutting inventory and debt as part of its cost-saving and turnaround plans after elevated costs and weak wholesale demand, especially in the US, weighed on its earnings for months.

"We continue to actively manage our costs and are on track to meet our inventory reduction target for FY25," newly appointed CEO Ije Nwokorie said in a statement.

The Wellingborough, UK-based company has been actively investing in marketing, including discounts, to revive demand.

Dr. Martens logged 260 million pounds ($323.60 million) in revenue, down from 267.1 million pounds in the third quarter of fiscal 2024.

It, however, kept its 2025 financial year guidance unchanged.

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Fashion

Elie Saab’s Couture Escapism Finds a New Edge in Paris

A model wears a creation as part of the Elie Saab Haute Couture Spring- (AP Photo/Christophe Ena)
A model wears a creation as part of the Elie Saab Haute Couture Spring- (AP Photo/Christophe Ena)
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Elie Saab’s Couture Escapism Finds a New Edge in Paris

A model wears a creation as part of the Elie Saab Haute Couture Spring- (AP Photo/Christophe Ena)
A model wears a creation as part of the Elie Saab Haute Couture Spring- (AP Photo/Christophe Ena)

The sounds of spring, with babbling brooks and birdsong, set a serene yet surreal tone Wednesday as Elie Saab unveiled his latest couture collection inside the soaring Palais de Tokyo in Paris. It was punctuated only by whoops and clicking camera shutters as Eva Longoria swept in.

While the setting evoked pastoral bliss, the collection was a study in high-drama couture, as Saab’s signature opulence met a new architectural precision.

This season, the Lebanese designer, a red carpet mainstay, tempered his signature cascades of embroidery with an almost armor-like structure. Sweeping architectural flourishes curved around shoulders and hips, recalling the grandeur of Art Deco but with a modern sheen. Geometric bands of sparkles reinforced the sculptural intent, carving out silhouettes that felt more commanding than Saab’s typical fluid romance, The AP reported.

Models emerged on three parallel runways framed by classical white arches, wearing gowns dripping with jewels and embroidered feathers that echoed foliage. The effect was cinematic, an invitation into a world of 1920s glamour — Gatsby decadence reimagined with Saab’s unerring eye for fantasy. But in a world of uncertainty, the excess took on a different weight, a reminder that fashion has long been a glittering escape from reality.

Saab’s touchstone aesthetic — luxurious embellishment, silhouette-flattering cuts and red carpet allure — was intact, but there was an added sense of structure, a couture boldness that gave the collection its edge. The designer has never strayed far from his core of femininity and grandeur, yet here was a whisper of something stronger: a woman draped in fantasy, but armored for the future.