As announced via a Facebook post, the footwear retailer will close all of its stores in the Philippines by December 31, 2022.
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The post noted that all Dr. Martens stores in the Philippines would permanently close, encouraging people to visit the stores and enjoy up to 50 percent discount on all items.
CNN reports that the UK-based footwear brand, known for its lace-up boots, also closed another store earlier this year. One of the retailer’s flagship stores in Two ParkadeBGC was reportedly closed in February.
The company announced in November that revenues in the first half of the year increased 13 percent to GBP 418.6 million, equivalent to about USD 503 million. All regions, led by America, reported growth. Additionally, 21 new stores were opened by the footwear brand in the first half of the year, bringing its total number of stores to 174.
“Although there are economic challenges ahead, we are well positioned for future growth,” Dr. Martens CEO, Kenny Wilson, said in a statement.
In September and October this year, Dr. Martens closed its Portland distribution center, leaving 71 employees jobless. According to the company, the closure occurred as a result of an investment in a larger distribution center in Los Angeles.