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Drapers Top 100 2017 – 77. Mike Shearwood, CEO, Clarks

Position last year: 96

Mike Shearwood

Mike Shearwood

For Clarks, 2017 was a year of transformation and setting the foundations for future growth. CEO Mike Shearwood bulked up his board with senior executive hires including a new Clarks’ Asia-Pacific regional president, managing director of the European region and two independent non-executive directors.

As was the case for many retailers, Brexit continued to bite and the dip in the value of the pound led to a 15% drop in group operating profit to £39.1m for the year to 31 January. Global turnover was up 8% to £1.7bn, but turnover in the UK and Ireland dropped 5% to £632.3m as a result of “difficult trading conditions”.

In more positive news, the firm announced that it is bringing large-scale manufacturing back to the UK – creating a new manufacturing arm in Somerset, which will have the capacity to produce up to 300,000 pairs of its Desert Boots per year. And as a business it continues to impress, picking up awards for Consumer Choice, Best Kidswear Brand and Store Manager of the Year at the Drapers Footwear Awards in May.

Back to the Drapers Top 100 2017

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