Clarks blames deepening losses on ‘climate of uncertainty’

Clarks sign

The footwear retailer report loss after tax of £82.9m for the year to February 2, 2019, deepening from a loss of £31.3m in the previous year.

Group sales also fell to £1.46bn, down from £1.53bn the previous year, while group operating profits plummeted to a loss of £75.7m, from £29.3m profit the previous year.

In his statement, Clarks’ chair Thomas O’Neill blamed an ongoing “climate of uncertainty” on Clarks’ poor results

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now