New Look set to close 100 stores
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.