Clarks slumps to record losses due to Covid-19 restrictions

Exterior of Clarks Pure store in Manchester

Footwear specialist Clarks has slumped to record losses in its more recent full-year results due to coronavirus restrictions and store closures.

For the year to January 30, 2021, Clarks reported record losses of £181.8m after tax, down from a profit before tax of £17.2m in the previous year. 

Group revenues for the period also slumped, falling to £775m from more than £1.37bn the previous year.

Underlying operating loss for the 52 weeks to January 30, 2021, was £70.9m compared with a profit of £46.2m in the previous year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.