New Look set to close 100 stores

Midweek Sport - - NEWS -

NEW Look could close up to 100 stores in the lat­est blow to high streets across Bri­tain.

The fash­ion re­tailer’s plan is part of a re­vamp de­signed to cut costs and im­prove prof­itabil­ity.

The chain’s bosses yes­ter­day said 85 stores had closed or were clos­ing. Talks were on­go­ing with 13 stores.

Cred­i­tors for the chain had al­ready ap­proved plans to shut 60 stores and axe 1,000 jobs in March.

Sales for New Look fell 3.7 per cent for the 26 weeks to Septem­ber 22.

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