C/J Clark Limited is one of the most popular brands in the United Kingdom. Commonly known as Clarks, the homegrown shoe retailer reported a turnover of about 775 million British pounds in the 2020/21 financial year, their poorest turnover performance over the period shown in the chart.
Back to profit after two years of loss
In 2018, Clarks had reported a 31.3 million loss (after tax) after a gradual drop in the company’s profits. In the financial year 2018/2019, this number took a further nosedive and left the retailer with a loss of about 83 million British pounds. After a recovery in 2019/20, Clarks posted by far its largest loss in 2020/21, at more than 180 million pounds.
Footwear affected by high street apocalypse
The financial woes suffered by Clarks are often linked to an ongoing, general decline of the British high street. 2020 can be seen as an exception though, as the biggest factor in decreased profits was undoubtedly the coronavirus pandemic, as shops were forced to close under lockdown measures. The entire retail industry suffered, and footwear stores were no exception. Almost three quarters of clothing and footwear stores experienced decreased turnover.
Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21
(in million GBP)
Financial years refer to the 52 weeks ending on the fifth Saturday of the year (January/February). C&J Clark Limited announced that the financial year 2018/2019 contained a 53rd week to ensure the year-end date remained aligned to the weekend closest to the 31st January.
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Companies House. (October 11, 2021). Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21 (in million GBP) [Graph]. In Statista. Retrieved October 04, 2024, from https://www.statista.com/statistics/970762/clarks-annual-turnover/
Companies House. "Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21 (in million GBP)." Chart. October 11, 2021. Statista. Accessed October 04, 2024. https://www.statista.com/statistics/970762/clarks-annual-turnover/
Companies House. (2021). Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21 (in million GBP). Statista. Statista Inc.. Accessed: October 04, 2024. https://www.statista.com/statistics/970762/clarks-annual-turnover/
Companies House. "Turnover of C&j Clark Ltd from Financial Year 2013/14 to 2020/21 (in Million Gbp)." Statista, Statista Inc., 11 Oct 2021, https://www.statista.com/statistics/970762/clarks-annual-turnover/
Companies House, Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21 (in million GBP) Statista, https://www.statista.com/statistics/970762/clarks-annual-turnover/ (last visited October 04, 2024)
Turnover of C&J Clark Ltd from financial year 2013/14 to 2020/21 (in million GBP) [Graph], Companies House, October 11, 2021. [Online]. Available: https://www.statista.com/statistics/970762/clarks-annual-turnover/