💨 Abstract

Clarks, a 200-year-old shoe retailer, has cited "challenging market conditions" for laying off 1,200 workers amid a sales slump. Revenue dropped from £994.5 million in 2023 to £901.3 million, with pre-tax losses of £39.2 million. The company's headcount fell from 7,413 to 6,161.

Courtesy: Sam Courtney-Guy