Clarks’ Domestic Profit Goes Down

Challenging retail conditions, aggressive promotional activity in urban locations and upward costs pressure in rents and personnel wages led Clarks’ UK operations to post a 16.7 percent lower profit of £51.6 million (€75.7m-$97.1m) in the financial year ended last Jan. 31, representing an operating margin of 9.4 percent. Better results ...

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