British fashion retailer New Look said strong online sales over Christmas had helped it to rescue an otherwise difficult third quarter, as it posted flat earnings in the three months to the end of December.
Dozens of British clothing brands, including Topshop and Marks & Spencer, have halted the sourcing of product containing angora wool after an animal rights charity alleged cruelty in the fur extraction process in China.
British fashion retailer New Look swung to a first half profit driven by revenue growth, particularly online, as well as reduced discounting and cost savings, though it cautioned that recent trading has been tough.
With Asia specialist Anders Kristiansen as its new CEO since the start of this year, the British retailer now has the in-house expertise needed to take on China. The first of its stores could open in spring 2014.
British value fashion retailer New Look posted a 25 percent rise in underlying first half earnings as it removed costs and improved margins as part of a recovery plan following a slump in earnings in 2011-12.
New Look has seen its total sales drop by almost 6% in the 2011/2012 financial year, on a like-for-like basis. It is apparently considering closing between 50 and 100 stores, thanks to the success of its online sales.
New Look tests a new store concept in Britain. In continental Europe the British brand means to consolidate its position before focusing on development. Germany is also in its sights this year with both retail outlets...
The Morocco Mall brings together the East and the West, earth and sea, budget brands and luxury goods. Opened to the public last week, the new shopping destination offers 350 boutiques, restaurants and a welcome back...
The British retailer has just announced the appointment of Dom McBrien as its multichannel trading director. To fulfil his new role, McBrien will be leaving his post of e-commerce director at New Look.