A BIG shoe shop is shutting another store today following a string of closures earlier this year. Clarks is closing its doors to customers in Fareham Shopping Centre. The store will perma…
SomersetBut as of July 2023, the brand operated just 320 stores after battling to keep a presence on the high street.
Clarks brought in McKinsey & Co to help with restructuring plans after posting a £82.9million post-tax loss back in 2019. But they were rescued from the brink with a £100million investment deal by private equity firm LionRock Capital. A CVA was agreed which saw the Clarks family lose overall control of the company and over 50 stores were set to close following this announcement back in November 2020.However, the retailer has also relocated and opened brand-new shops in recent months.
The brand opened a new store on East Street in Taunton in April following the closure of its original high street store.What other stores are closing?
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