A century of success marks Charles Clinkard’s journey from a single Teesside store to a renowned footwear brand across the UK.
- Founded in 1924 by Charles and Eveline Clinkard in Middlesborough, the company now boasts 42 locations and an online store.
- In 2024, the company’s turnover increased to £37.9m, with a notable rise in operating profit to £1.662m.
- Despite closing stores in Middlesbrough and Redcar, Clinkard Group adapted to changing retail trends, enhancing their online presence.
- The firm’s strategic focus on multi-channel retailing and customer engagement is set to propel future growth.
Founded in 1924 by Charles and Eveline Clinkard, the footwear company has grown from a single store in Middlesbrough to operating 42 locations and expanding its presence online, showcasing its resilience and adaptability over a century. This expansion underscores its commitment to maintaining quality and service across diverse shopping platforms.
In the fiscal year ending in January 2024, Charles Clinkard reported a notable increase in financial performance. Turnover rose significantly to £37.9 million from the previous year’s £36.1 million, showing a growth in consumer demand and adept business strategies. Operating profit also saw an impressive rise, reaching £1.662 million compared to £1.215 million from the prior year.
Despite having to shut down two stores, including its original Middlesbrough location, the company remains agile, adapting to shifts in consumer behavior and the broader challenges of the high street retail sector. This strategic move allows the company to focus resources more efficiently on other profitable locations and enhancing its online shopping experience.
This year, Clinkard focused heavily on developing its multi-channel retail strategy. Finance Director Jonathan Mankin emphasized the importance of integrating online and in-store experiences to meet evolving customer expectations. The company’s proactive stance in refining product offerings and maintaining competitive pricing are central to their business approach.
Mr. Mankin expressed satisfaction over the financial achievements, noting a 5.1% growth in sales and debt-free status following the early repayment of the CBILS loan. As Clinkard celebrates its centennial milestone, the business remains poised for continuous innovation and commitment to its core principles, driving sustained growth in a competitive market.
Charles Clinkard’s strategic agility and focus on multi-channel retailing ensure its continued success into the future.