Profit falls at Clarks despite increase in sales
24/05/2017
The company attributed this growth to favourable exchange rates when selling products overseas.
Despite this increase in sales, Clarks saw its profit fall 43% to £19.9 million amidst efforts to restructure the business and clear excess stock.
The CEO of Clarks, Mike Shearwood, conceded that trading conditions “continued to be difficult”, but said the company had made “very significant progress”.
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