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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Mar- 2018 -22 MarchHigh Street
New Look’s CVA to shut 60 stores with 980 jobs axed
Clothing and fashion retailer New Look is set to close 60 out of its total 593 stores, alongside a further six sites which are sub-let to third parties, following poor operational performance. The firm announced that a Company Voluntary Arrangement (CVA) launched on 7 March 2018 has been approved by…
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13 MarchHigh Street
Study finds independent retail and leisure outlet growth is soaring
As multiple stores like New Look, Maplin and Toys ‘R’ Us close, a study by OnBuy.com has found that this has led to a rapid increase in the number of independent retailers. The study from the online retailer considered where multiple stores have declined in comparison to areas independent stores are…
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7 MarchClothing & Shoes
New Look announces CVA proposal, 980 staff at risk
Clothing chain New Look has announced company voluntary agreement (CVA) proposal that will look to close up to 60 stores, reduce rental costs and potentially make up to 980 staff members redundant. Under the proposal, the fashion retailer has identified 60 out of its total 593 stores in the UK…
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2 MarchHigh Street
New look seeks CVA to reduce rent by 60%
New Look has asked if its landlords can slash store rents by up to 60% in order to try and reduce its £1.2bn debt. The fashion chain is seeking a company voluntary arrangement (CVA), a legal agreement which would enable it to jettison loss-making stores and agree rent reductions with…
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Feb- 2018 -23 FebruaryAdvice
Feeling the squeeze: how to fight falling profits and rising costs
The boom in e-commerce over the last few years has altered the way we shop beyond recognition and the fast pace only looks set to increase. But this rapid transformation has come at a cost to retailers. Profit margins are being squeezed ever tighter as they find themselves under pressure…
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9 FebruaryClothing & Shoes
New Look MD steps down following profit loss
The managing director of fashion retailer New Look has departed the company after five years in the position. This follows the news of the fashion retailer reporting a pre-tax loss of £123.5m for the past nine months. Barrasso’s departure is effective immediately from 9 February, and the retailer announced a…
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6 FebruaryClothing & Shoes
New Look like-for-like sales drop almost 11%
Clothing retailer New Look has posted poor results for the 39 week period ending 23 December 2017, with a decrease in sales in most revenue streams. For the final quarter of the year, which New Look accounts for as Q3, overall group revenue fell by 6.3% to £1.69bn while group…
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