Back
News

New Look back in the black but store closures continue

New Look is back in the black but its store closure programme is continuing as the retailer fights to turn around its business.

It is closing 85 stores, up from a planned 60, and said that it was in negotiations with landlords on a additional 13. It made an underlying profit of £22.2m in the first half, compared with a loss of £10.4m last year.

This was on revenue that fell by 4.2% to £656.9m.

Click here for the full Times article (£)

Up next…