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.



Saudi Fashion Commission Launches Pioneering ‘Sustainable Ihram Initiative’

The initiative focuses on recycling Ihram garments. SPA
The initiative focuses on recycling Ihram garments. SPA
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Saudi Fashion Commission Launches Pioneering ‘Sustainable Ihram Initiative’

The initiative focuses on recycling Ihram garments. SPA
The initiative focuses on recycling Ihram garments. SPA

The Saudi Fashion Commission unveiled its latest sustainable initiative, the Sustainable Ihram Initiative, during a news conference at the Islamic Arts Biennale

The initiative focuses on recycling Ihram garments by collecting, sorting, and repurposing textile waste from pilgrims to create new, sustainable Ihram attire.
The Fashion Commission launched the initiative in collaboration with Saudi Investment Recycling Company (SIRC), a leading company specializing in waste management and the circular economy, and Tadweem, a prominent company in sustainable fashion, aiming to transform used Ihram garments into new, eco-friendly Ihram clothing. The innovative process highlights the viability of textile recycling within the fashion industry and contributes to a more sustainable textile ecosystem.
Additionally, the commission partnered with SANKO Textile, a specialized group in sustainable textiles, with support from RE&UP, an innovative textile-to-textile recycling technology company, further reinforcing the environmental impact of the initiative.

The Sustainable Ihram Initiative aligns with Saudi Vision 2030’s environmental protection goals, marking a significant step toward a more sustainable fashion ecosystem in the Kingdom. It aims to promote sustainable practices, raise consumer awareness about textile recycling, and support the development of a circular textile economy in Saudi Arabia.
“The Sustainable Ihram Initiative demonstrates our commitment to innovation in sustainable practices, honoring the cultural and spiritual significance of the Ihram while safeguarding our planet for future generations,” said Saudi Fashion Commission chief executive Burak Cakmak.
He emphasized that the commission is committed to promoting a vibrant and sustainable fashion industry in the Kingdom in line with global sustainability standards, promoting conscious consumption and recycling.