By Marcus Leach

Clarks, the British-based shoe retailer, has announced profits exceeding £100 million for the first time in their history.

Figures released on Monday showed their pre-tax profits had risen by 28%, following a 9% increase in sales.

Whilst UK sales were down the company reported a boost in overseas sales, with a 19% rise in US sales. In China Clarks sold a fifth more pairs of shoes in 2010 compared to the previous year.

Despite the company's profits hitting the £100 million mark Peter Davies, chairman at Clarks shoes, is remaining cautious.

"In many of our markets, the consumer is facing significant challenges as governments struggle to tackle their budget deficits with tax increases and cuts in public expenditure," he said.

Speaking on the UK figures, the company said it will take two to three years before sales figures improve.