New Look
This coverage explores New Look’s strategy and performance in the UK retail sector, focusing on store operations, product development, marketing campaigns, financial results, and leadership decisions. Reporting highlights how New Look responds to changing consumer trends and competitive pressures — providing insight for executives, managers, and professionals in fashion, merchandising, and retail operations.
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Jun- 2018 -12 JuneClothing & Shoes
New Look reports operating loss of £74.3m
New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24 March 2018. The embattled retailer had previously reported a 7.3% drop in revenue to £1.35bn for the year to 24 March 2018. In addition, the retailer decreased its UK like-for-like…
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8 JuneGovernment
Retailers ‘mis-using’ CVA rent reductions, say landlords
Real estate association, the British Property Federation (BPF), believe that retailers have been “mis-using” the CVA process to lower the price of rent. Following the recent upsurge in CVAs, the organisation has called on the government to conduct an “urgent review”. The concerns follow the announcement that House of Fraser,…
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7 JuneClothing & Shoes
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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4 JuneAdvice
Retail and ROI: how to minimise cost and maximise value
In the current retail environment, major players all over the UK are closing stores – including House of Fraser, New Look, and Marks & Spencer. Given this state of affairs, it’s more important than ever before for retailers to maximise their marketing investment for greater return on investment (ROI). And…
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May- 2018 -29 MayHigh Street
Westend Retail Park in Dublin sold for €147.7m
Irish property management group Green Reit has sold the Westend Retail Park in Blanchardstown, Dublin, to a DWS real estate fund for €147.7m (£128.9m).The sale amount is in line with the most recent valuation of the property, which was €147.1m (£128.4) in December 2017. The retail park comprises 230,742 sq…
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15 MayEconomy
Decline in retail vacancies slows job growth market
Job growth has slowed since the beginning of the year with the retail industry suffering the biggest decline, according to new figures published by UK job site Reed. The Reed Job Index shows the slowest growth rate for new job postings since it began in January 2010. The index was…
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4 MayEconomy
43,000 retailers in ‘financial distress’
Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor. Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was…
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Apr- 2018 -24 AprilHigh Street
650 retail stores have closed in 2018 so far
Nearly 650 retail stores and restaurants have shut or are at risk of closure since the start of 2018. According to analysis by BBC 5 live’s Wake Up to Money Maplin and Toys R Us sites accounted for half of the total closures, as both chains fell into administration on…
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20 AprilProperty
Furniture shop closing down after rent increases by £100,000
Phillip Logan, owner of furniture store Uno in South Belfast has decided to close his shop after facing a rent increase of £100,000. The premises was originally leased for 10 years but Logan has now opted to exercise a five year break clause. Logan has accredited the rise in rent…
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16 AprilEconomy
High street collapse down to higher business rates, says Colliers
Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy. Ten of those have happened since the beginning of this year – in the last…
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