All Clarks articles – Page 2
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Retail Navigator Analysis
Clarks (Overview)
Clarks is among the largest footwear companies in the world. The footwear specialist trades through some 1,150 stores globally through a mix of standalone and franchise stores. It is also active in wholesaling in its regions.
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Retail Navigator AnalysisClarks (Financials)
Clarks delivered revenues of £994.5m in the year ending 31 December 2023. The footwear retailer had realigned its financial year with parent company, Viva Goods Company which resulted in a shorter financial reporting period of 48 weeks (to end December 2022) for FY2022. As such, year-on-year comparisons have not been used in either FY2022 or FY2023.
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Retail Navigator AnalysisClarks (SWOT)
Clarks is the UK’s largest specialist footwear retailer and has a global profile synonymous with quality. The company has high brand recognition in North America and a more premium position overseas than at home. However, retail sales have been volatile in recent years and the brand needs to ensure it remains relevant.
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Retail Navigator AnalysisClarks (People)
A search for a permanent chief executive is ongoing at Clarks, with chief executive Jonathan Ram, managing director Bob Neville and chief product officer Victoria Jones all having departed the retailer in recent months.
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NewsClarks top team exit in boardroom shake-up
Several members of shoe retailer Clarks’ leadership team have resigned from the business.
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NewsClarks creditors approve CVA opening door to new investment
Clarks’ creditors have approved the company voluntary arrangement proposal it launched earlier this month, allowing it to move the majority of its stores to turnover-based rents and opening the door for external investment.
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Opinion‘As more jobs go, leaders can never forget responsibility for lives and livelihoods’
The numbers this week speak for themselves.
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NewsClarks puts thousands of roles at risk in store management restructure
Clarks has told almost 4,000 UK store staff that their roles are at risk of redundancy as part of radical plans to revive the struggling business.
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NewsClarks pension trustees draft in advisors to secure fresh investment
The pension trustees of shoe specialist Clarks have drafted in advisers in a bid to bring fresh investment into the struggling retailer which has been battered by the effects of the coronavirus.
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NewsClarks moves step closer to minority stake sale with investors
Struggling family-run shoe chain Clarks has seen interest from multiple parties to help inject cash into the business.
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NewsClarks to shed 700 jobs as it launches new global strategy
Footwear specialist Clarks has said it will cut 700 jobs globally over the next 18 months as it launches a new strategy designed to future-proof the ailing business.
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NewsClarks to permanently close some UK stores as it mulls new financing options
Struggling footwear specialist Clarks has drawn up plans to permanently close some of its stores after drafting in bankers to review its finances.
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NewsCoronavirus: Clarks to temporarily close all UK stores
Footwear specialist Clarks has announced a temporary closure of all of its UK and Ireland stores in the wake of the coronavirus pandemic.
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NewsClarks drafts in consultants amid store closure concerns
Clarks has drafted in management consultants to conduct a review of the ailing high street business amid fear of store closures and possible job losses.
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NewsClarks blames deepening losses on ‘climate of uncertainty’
Clarks’ losses after tax increased in its last financial year, with sales falling and “onerous” leases across its store estate taking their toll.
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NewsShop Direct raids Clarks for new chief financial officer
Shop Direct has poached former Clarks European president Ben Fletcher as its new group chief financial officer.
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NewsShearwood heads for High Court clash with Clarks
Former Clarks boss Mike Shearwood has pressed the button on court action against the footwear giant.
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NewsClarks wins tribunal against former boss Mike Shearwood
Clarks has won an employment tribunal against its former chief executive Mike Shearwood following the case of unfair dismissal he brought against the footwear brand.
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NewsEx-Clarks boss denies racism and sexism claims
Former Clarks boss Mike Shearwood will refute allegations of using sexist and racist language at a court case set to get under way today.
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NewsClarks asks landlords for rent reductions
Footwear brand Clarks is demanding rent reductions of up to 30% from landlords, as it seeks to overcome a spell of poor trading.
