Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Drapers Top 100 2016 – 96. Mike Shearwood, chief executive, Clarks

New entry

Mike shearwood clarks

Mike shearwood clarks

When Mike Shearwood quit as chief executive of Karen Millen following a scrapped management buyout in September last year, he kept us all guessing on what his next move would be.

In September, he was unveiled as the new chief executive of footwear retailer Clarks, replacing Melissa Potter, who had left 12 months before.

He has his work cut out, though. Clarks’ group operating profit fell 59% to £45.8m for the year to 31 January, after a combination of over-ambitious business plans and an excessive focus on short-term performance led to a “significant” amount of excess inventory.

Group turnover edged up 2.6% to £1.53bn for the year. Industry observers said Clarks needs a sharper digital focus and tighter hand on its costs. With so much up in the air,  Shearwood’s position on next year’s Top 100 could go either way.


Back to Drapers Top 100 2016

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.