High Street

New Look losses widen to £88m despite healthy revenues

The group’s gross margin also increased 2.7% in the year to 45.8% due to considered price increases and a higher mix of full price sales in the current year

New Look has suffered a statutory loss before tax of £87.8m in its full-year results, down from £25.5m in FY22, despite total revenues increasing to £844.7m in the period, up from £839.6m last year.

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