Steep rise in Clarks losses - leatherbiz: Leading news site for the gl Leatherbiz

News

Steep rise in Clarks losses

06/11/2019
Steep rise in Clarks losses
Footwear brand Clarks has reported turnover of £790 million for the 12 months to February 2019, a fall of 3.7% compared to its previous fiscal year. The company recorded a loss after tax of  £20.9 million; it linked this substantially increased loss to a revenue to costs related to running its shops.

More than 70% of group turnover came from sales of shoes in the UK and Ireland, but sales in these key markets were down by 6.3% compared to the previous year.

The company said a challenging retail picture was affecting it and added that the UK’s relationship with the European Union was making matters still more complicated.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.