Clarks cuts 1,200 jobs after sales plummeted

metro.co.uk

Clarks, the shoe retailer, announced it is cutting over 1,200 jobs due to a significant sales decline. The company cited challenging market conditions as the reason for the layoffs. Sales dropped from £994.5 million in 2023 to £901.3 million, leading to pre-tax losses of £39.2 million for the second consecutive year. The company's headcount decreased from 7,413 to 6,161 employees. Clarks, a 200-year-old company, attributes the downturn to global market uncertainties and reduced consumer demand. The company is currently led by an interim executive committee.


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