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Same-store sales fell by 10.1 percent in the first quarter for UK-headquartered fashion retailer New Look. For the 13 weeks to June 29, the company says it was affected by bad weather which led to lower footfall in stores, compounded by consumer uncertainty…
Embattled UK fashion retailer New Look is to quite China, closing some 130 remaining stores. The move follows a strategic review of the China business announced back in June, when the company put the brakes on an ambitious 450-store rollout plan after opening…
Embattled UK fashion retailer New Look is to quite China, closing some 130 remaining stores. The move follows a strategic review of the China business announced back in June, when the company put the brakes on an ambitious 450-store rollout plan after opening…
Struggling UK fashion retailer New Look is set to cull its China store network. Weeks after signing a Company Voluntary Arrangement with its creditors and landlords in the UK – a plan which will see it close 60 stores – chairman Alistair McGeorge has cast…
UK Fashion retailer new Look is to shutter 60 stores – but at least one analyst fears that may not be enough to arrest its sliding performance. The closures are a core feature of a company voluntary agreement (CVA) proposal to its creditors that will also see…
Fashion retailer New Look’ has plunged into the red, posting a loss of £10.4 million in the half-year to September. Owned by South African investment firm Brait, New Look’s latest half-year result contrasts with a £59.3 million profit in the same period last…
New Look founder Tom Singh is among a group of private investors backing emerging men’s sportswear brand Castore. Singh remains a non-executive director of the high street chain he founded in 1969 and is also a member of the advisory board of Bridges Fund…
New Look CEO Anders Kristiansen has stood down after almost five years. The UK fashion retailer’s board has appointed Danny Barrasso, currently MD of UK & ROI, as interim CEO with immediate effect while it identifies a permanent successor. Chairman John…
Fashion retailer New Look’s bonds hit fresh lows on Tuesday on the back of poor quarterly results it had just released. The UK chain’s results showed the company’s adjusted Ebitda declining 37.3% to £27.2m, for the 13 weeks ending June 24. It said this was…
New Look is to step up the pace of store openings in China under its new owner Brait, the investment company controlled by South African tycoon Christo Wiese. The fashion chain intends to open 80 stores this year, compared with the 60 previously planned, and…
The impressive Primark sales growth over the last half year has been boosted by network expansion with the addition of 16 stores across both Europe and the US – and exchange rates. The value retailer expects to end the first half with 329 stores, and 13.1…
New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39…
New Look, a fast-fashion retailer bearing a striking similarity to Forever 21, is aiming to boldly go where many chains have gone before but few have succeeded. The British retailer’s chief executive officer, Anders Kristiansen, has made no secret of his…
As Europe’s fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world’s most populous nation. Christo Wiese is promising to open 500 of his New Look stores in…
Following a robust few years of market outperformance and share gains, the start of New Look’s 2016-17 financial year is a major disappointment. While weakened consumer confidence and unseasonal weather dampened shopper appetite to spend on clothing &…
Fast fashion retailer New Look is to expand its China store network. And while the UK retailer has modest aspirations in terms of store numbers – just 25 globally over five years – it is increasing its focus on menswear. Some of the new stores slated to open…
