Clarks appoints ex Karen Millen boss as chief exec: Shoe firm desperate to avoid another poor festive season
Clarks has appointed Karen Millen's former boss as chief executive as the iconic shoe store seeks to avoid another disappointing festive season.
Mike Shearwood replaces Melissa Potter, who was ousted last year after 27 years at the firm.
The shoemaker described last year as 'one of the more challenging in recent history' as tough competition, changes in the retail sector and more demanding customers hit profits.
Accounts for the year to January 31 showed turnover remained flat at £1.6billion while profits fell by two-thirds from £98.8million to £35million.
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