New Look news and archive

Is New Look going up for sale?

A new report has emerged suggesting British retail giant New Look could soon be up for sale. According to Sky News, the clothing retailer’s owners, Alcentra and Brait, alongside New Look’s management, are reviewing options with advisors that could lead to the auctioning off of the business. The media outlet said that New Look is looking into...

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New Look to cut 100 head office jobs

British retailer New Look has said it plans to cut up to 100 jobs across its head offices to help deliver on a wider growth plan. The restructuring is taking place across both its London and Weymouth offices, where it is said to only impact function departments, and not store or warehouse staff. The consultation process was reported to have...

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New Look onboards 100 percent of core suppliers to TrusTrace platform

British retailer New Look, one of the UK’s leading womenswear brands in the 18-44-year-old sector, has successfully onboarded 100 percent of its core supplier base onto digital traceability platform TrusTrace. In a statement, New Look said the move to utilise TrusTrace technology would allow it to "more effectively map and manage its supplier...

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New Look secures 30 million pounds to fund digital growth plan

High street fashion retailer New Look, one of the UK’s leading womenswear brands in the 18-44 sector, has secured a 30-million-pound investment from its shareholders to accelerate its digital transformation and optimise its online experience for customers. The retailer said the significant investment would “supercharge” its digital growth as it...

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New Look to open new concept store at Bluewater

British fashion chain New Look is to relocate its Bluewater store in Kent to open a new concept store to align the retail experience with the retailer’s brand identity. The new 12,120 square-foot concept store, located on the Upper Thames Walk, will open on April 3. It will feature New Look’s first omni-hub space, integrating new initiatives to...

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New Look liquidates Irish business, 26 stores to close

Fast fashion retailer New Look is preparing to wind down its operations in Ireland, where a subsidiary for the company has been appointed a provisional liquidators following a battle with widening losses over several years. The High Court has approved the appointment for New Look Retailers (Ireland) Limited after its parent company said it was...

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New Look reportedly accelerating store closures ahead of incoming Budget

British retailer New Look is believed to be on the verge of accelerating its store closure programme ahead of the UK’s incoming Budget, which will see a number of tax increases fall into place from April. According to The Times, around a quarter of the retailer’s store network are understood to be at risk when leases expire. This could put a...

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New Look revenues decline amid tough trading conditions

New Look’s accounts for the full year show that total revenue declined to 735.4 million pounds due to store closures and tough trading conditions. The company’s operating profit rose to 17.4 million euros but adjusted Ebitda decreased to 46.7 million pounds following reduction in year-on-year sales but boosted by targeted cost savings. The...

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New Look partners with ITF on supply chain employee protections

British retailer New Look has revealed a new partnership with the International Transport Workers’ Federation (ITF) through which it hopes to ensure the protection of transport workers’ human and labour rights among its supply chain. The duo have established a new memorandum of understanding (MoU) through which New Look has agreed to conduct...

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New Look to invest 3.3 million pounds into Manchester retail network

British fast fashion brand New Look is set to invest 3.3 million pounds into updating its Manchester-based retail network over the next year ahead of a possible nationwide upgrade. In the city the company currently operates 20 stores, which will each be subject to a range of trial initiatives incorporating in-store technology, improved loyalty...

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New Look partners with TrusTrace to support sustainability strategy

British high-street fashion chain New Look is partnering with traceability and compliance solutions provider TrusTrace to gain greater visibility across its supply chain through suppliers and assist in identifying responsible sourcing and business continuity risks. The move is part of New Look’s ‘Kind to Our Core’ sustainability programme, where...

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New Look posts FY pre-tax loss, completes refinancing deal

High street fashion retailer New Look has completed a 100 million pound refinancing deal which it says it will use to boost its future growth plans. The company reported a pre-tax loss for the year ended March 25 that widened to 87.8 million pounds from 25.5 million pounds the previous year. This loss included an impairment charge of 47.4...