Outsourcing lifts shoe firm's profits by 16%
28 August 2012
Outsourcing to manufacturers in cheap labour markets has boosted profits for shoemaker Clarks.
The Somerset-based company recorded a 16 per cent increase in underlying profits on a rise of only 1 per cent rise in turnover. Clarks saw profits rise to £59.4 million in its home market.
A company spokesman said: "Manufacturing has moved to the Far East, India, Brazil and Romania, where labour costs are lower.
"It is one of the ways we have been able to...