High Street
Clarks seeking rent reductions of up to 30%
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2019/08/Clarks_shop_front_Lakeside_May_14-e1566898237615-780x470.jpg?lossy=1&strip=1&webp=1)
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times.
The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told The Sunday Times that many of the retailer’s stores were too “profitable” for it to be a CVA candidate.
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