Clarks feels the weight of “increasing cost pressures”
29/05/2018
The company’s underlying pre-tax profits for the period fell from £63.7 million to £45.2 million.
“The retail environment remains challenging for all organisations, with increasing cost pressures and ever-changing consumer expectations,” it said.
Clarks is preparing to bring some of its manufacturing operations back to the UK for the first time since 2006. Chief executive Mike Shearwood has said he expects production at the facility in Street, the brand’s home town, to start within weeks.
This move was announced last year. Clarks said at the time that it plans to make up to 300,000 pairs of its iconic Desert Boot each year in the UK. They are currently manufactured in Vietnam and India. The facility will create around 80 new jobs.
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