Legendary British shoe chain with 326 stores launches 60% off ‘final clearance' sale after axing 1,200 jobs
SHOE ME THE WAY
SHOE ME THE WAY Legendary British shoe chain with 326 stores launches 60% off 'final clearance' sale after axing 1,200 jobs
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A LEGENDARY British shoe chain has slashed prices in more than half after launching a "final clearance" sale.
The beloved retailer, with 326 stores across the country, has previously axed 1,200 jobs as it struggled to make profit.
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Clarks has launched end of season sale with up to 60% off
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The retailer slashed 1,200 jobs earlier this year
Credit: Getty
Clarks has launched a clearance sale with discounts of up to 60 per cent off.
The shoe chain has significantly reduced prices of stock that are out of season.
Shoppers can pick up a pair of sandals which are perfect for the summer for just a fraction of the price.
Bargain hunters will be also happy to find boots for the colder months selling for £70 less than the tag.
Whether you're looking for footwear to get you through the summer heat, or already preparing for fast-approaching autumn, Clarks has it all.
Customers can browse through the clearance section online and order delivery right to their doorstep.
It comes after Clarks has dropped 1,200 jobs in a bid to cut costs after revenues fell by nearly £100m in the latest financial year.
HEAVY LOSSES
The footwear specialists reported a £39.2m pre-tax loss, with sales down from £994.5m in 2023 to £901.3m over the latest tax year.
This comes after Clarks fell to a pre-tax loss of £39.8m in the 12 months prior.
The company revealed that an impairment of £32.1m of right-of-use assets and store property plant and equipment has "significantly impacted" annual results.
British skincare brand sold in Boots launches 50% off sale as it prepares to close down this month
PLAN FOR GROWTH
Clarks said that its 'focus is to return to sustainable sales growth combined with a cost-focused attitude to delivery healthy store profitability in 2025'.
'Significant changes have been made to the operations in the year to right size the overhead cost for the current business size, refocus the marketing approach, reposition the product assortment and set up the business for recovery and sustainable profitable growth in 2025," it added.
The shoe shop last reported a pre-tax profit when it posted a total of £35.9m for the 48 weeks to the end of 2022.
Clarks closed almost a dozen stores in 2024, including its stores at the Saddlers Shopping Centre in Walsall and the Grove Shopping Centre, Witham.
In 2023, the retailer closed seven stores, with shoppers describing the losses as a "terrible shame".
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