Clarks 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.
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
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