All New Look articles – Page 3
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AnalysisAnalysis: Could recycling go mainstream in high street fashion?
Clothing retailers are grappling with the realities of operating more sustainably – could recycling reduce fashion’s huge environmental footprint and what needs to happen for that to be possible?
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OpinionMove of the Week: Retailers shift into recovery mode and shake up top teams
As always during the summer holiday season activity in the jobs market was relatively subdued during August, albeit with one notable exception that I shall come to shortly.
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NewsNew Look appoints former Sainsbury’s boss Mike Coupe as new chair
Former Sainsbury’s boss Mike Coupe is set to succeed Alistair McGeorge as chair of fashion retailer New Look.
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NewsNew Look back in the black following CVA
New Look has returned to profit despite the impacts of the pandemic on physical stores.
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NewsNew Look boss looks to the future after winning landlord legal battle
New Look boss Nigel Oddy has said Monday’s favourable high court ruling will allow the retailer to put the fraught legal fight with some of its landlords behind it and focus on rebuilding for the future.
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Retail Navigator AnalysisNew Look (Overview)
New Look is an omnichannel and value-led fast-fashion retailer with around 385 stores across the UK and Republic of Ireland, as well as an ecommerce business which serves more than 50 markets.
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Retail Navigator AnalysisNew Look (SWOT)
New Look has significant appeal beyond its prime younger demographic, with women in their later 20s and 30s also well represented in the customer profile.
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Retail Navigator AnalysisNew Look (People)
New Look’s chief commercial officer Helen Connolly took on the role of CEO in June 2022 after Nigel Oddy left the business following its financial restructuring and return to profitability. Former Sainsbury’s boss Mike Coupe was appointed as executive chair in September 2021, succeeding Alistair McGeorge.
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Retail Navigator AnalysisNew Look (Financials)
Sales at New Look decreased 8.9% to £769.2m in the 53-week period ended 30 March 2024 (FY2023). Gross sales (which include £48.2m of concessions income) fell 8.7% or £77.7m to £817.4m.
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NewsNew Look CVA faces court challenge by landlords
New Look has entered a High Court battle with retail landlords over its proposed restructuring plans.
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AnalysisRetailers wary of April 12 timeframe for store reopening
Retailers have voiced disappointment that they will not be able to fully open their doors again before April 12 and concerns about the possibility of the post-lockdown timeframe changing again.
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NewsLeading retailers pledge to take action on diversity and inclusion in 2021
Following a year where business’ D&I agendas have come under scrutiny, 16 brands including M&S, New Look and Sainsbury’s Argos have partnered with Retail Week’s Be Inspired programme to promote diversity and empower their teams.
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NewsNew Look completes financial restructuring
New Look has completed a major recapitalisation of its finances.
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Opinion‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
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NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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NewsNew Look future hangs in balance as property giants reject CVA
Two of New Look’s biggest landlords are poised to vote against its crunch CVA today in a move that will throw the fashion retailer’s survival into doubt.
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NewsBoohoo eyes New Look as crunch CVA vote looms
Boohoo is understood to be planning a swoop on New Look if its CVA is not voted through by landlords this week, with the fashion retailer warning it could collapse without rent cuts.
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Opinion‘If landlords reject New Look CVA, they’ll be next in line for administration’
A lot of people have had to swallow bitter pills to help safeguard the future of New Look. Now one final group, landlords, is being asked to share the harsh medicine.
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NewsNew Look: Fate lies with landlords as sale option shut off
The future of fashion retailer New Look now relies upon landlords after a sale process conducted in tandem with a CVA proposal failed to produce a deal.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.