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.

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