Ci­ty­s­tore lookssafe fornow

Stirling Observer - - FRONT PAGE - Kaiya Mar­jorib­anks

Stir­ling’s New Look store looks to be safe for the mo­ment, de­spite the fash­ion re­tailer look­ing to close al­most 100 stores across the coun­try.

In March the com­pany an­nounced it would shut 60 stores in a re­struc­tur­ing deal with cred­i­tors.

This week it said the fig­ure had risen to 85.

But a spokesper­son for New Look said yes­ter­day: “Our Port Street store con­tin­ues to trade as usual with no cur­rent plans to close.”

De­spite the re­tailer’s fall­ing sales, un­der­ly­ing op­er­at­ing prof­its im­proved to £22.2m, com­pared with a loss of £10.4m last year.

Ex­ec­u­tive chair­man Alis­tair McGe­orge said re­tail­ers con­tin­ued to face “sig­nif­i­cant head­winds and un­cer­tain­ties, in­clud­ing Brexit”.

Re­prieve New Look, Stir­ling

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