New Look news and archive

New Look appoints Mark Matthews as new retail director

New Look, a prominent UK womenswear brand targeting the 18–44 sector, today announced the appointment of Mark Matthews as its new retail director. Matthews steps into the role with immediate effect, succeeding Elaine Cartwright, who departs after over a decade with the company. In his new position, Matthews will take responsibility for the...

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Marks & Spencer taps New Look veteran for store director role

Marks & Spencer has named Elaine Cartwright as its new store director for innovation and implementation. The appointment comes as the British department store continues on its 300 million pound store rotation programme, which has focused on new openings and retail renewals. Cartwright most recently served as retail director UK & ROI at New Look,...

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Rothschild reportedly appointed to oversee New Look's strategic review

The owners of New Look are said to have appointed bankers at Rothschild to oversee a strategic review, which is expected to lead to a sale by next year. Alcentra and Brait, shareholders that have owned the British retailer since 2020, are believed to have turned to Rothschild to advise as they plot a possible exit, according to Sky News. The...

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From New Look to Select Fashion: Inside the retail collapse threatening the UK high street

The UK retail landscape continues to face mounting challenges. Amid rising operational costs, the long-tail impact of the pandemic and ongoing supply chain disruptions, many businesses are navigating an increasingly volatile environment. An uncertain outlook remains for a significant portion of the sector – and the country is on track to see a...

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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...

Retail

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...