Big changes might be on the horizon for New Look, the beloved fashion chain with a whopping 338 UK stores! Word on the street is that New Look’s owners have called in the financial wizards at Rothschild to conduct a strategic review which could see the chain hit the market. But don’t start worrying about your wardrobe just yet—no official sale announcement has been made, and your shopping experience remains as fab as ever.
New Look’s spokesperson assures us that the focus is on long-term growth, boasting solid summer sales and a strong online presence, which now accounts for a staggering 40% of their revenue! With an impressive foothold as the second-largest womenswear retailer for those aged 18 to 44 (surpassed only by the likes of Shein and ASOS), New Look is on the move.
Despite its online success, it’s not all smooth sailing on the high street. The chain has announced a series of store closures across the UK, with 13 shops already shut this year. As part of ongoing adjustments, 39 more locations have been slated for closure, including Scarborough, set to close on 17th September. New Look assures its loyal fans that each closure is a tough decision influenced by factors like landlord requests and logistical viability.
The retail giant is committed to finding new opportunities and is consistently investing in its store estate, supported by its top-notch website and app. So while some physical stores may close, New Look will continue to deliver the trendy styles you love online and in remaining stores.
Stay tuned for updates and make the most of New Look’s online offerings, as they navigate these changes while keeping us all in style! #NewLook #FashionNews #RetailTherapy