Charles Clinkard reports flat sales and falling profit
Turnover at footwear retailer Charles Clinkard increased 0.8% in the year to 28 January, with Europe and rest of the world recording healthy sales growth.
The company, which focuses on the sale of shoes from brands including Gabor, Clarks, Skechers and Merrell, said turnover for the year rose slightly to £35.8 million from £35.5 million a year earlier.
While the business experienced flat growth in the UK and Ireland at £35,400, revenue from its European operations more than doubled to £196,000. The rest of the world contributed £214,000, representing an increase of 51.8% over the prior year’s period.
Charles Clinkard said “the business has continued to perform well in a difficult trading environment” as it revealed a 12.5% fall in pre-tax profit to £1.4 million from £1.6 million.
The family-owned company, founded in 1924, has more than 33 stores throughout the UK and Ireland. Last year, it opened a new 5,000 square metre head office and warehouse at Cannon Park, Middlesbrough with an investment of £3 million.
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