New look news and archive

New Look appoints CCO Helen Connolly as new chief executive officer

British fashion retailer New Look has revealed its new CEO after confirming earlier this month that Nigel Oddy would be exiting the business after serving at its helm since 2019. Helen Connolly, who has been New Look’s chief commercial officer since joining the retailer in January 2020, will take on the top job, the company announced Thursday....

Jun 16, 2022

BusinessFeatured

New Look confirms its chief executive is stepping down

Fashion retailer New Look has confirmed that Nigel Oddy is stepping down as chief executive officer, and leaving the business. Oddy joined the retail chain as chief operating officer in April 2019 before being promoted to chief executive officer in December 2019. During his tenure, he led New Look’s financial restructuring, steered the business...

Jun 6, 2022

Business

New Look unveils new ‘Kind to Our Core’ sustainability strategy

Fashion retailer New Look has announced a number of eco-minded commitments in a new sustainability strategy that comes as part of its Kind to Our Core initiative. The strategy is part of the retailer’s three year business plan reflecting the values and actions it looks to make across the business through ESG targets. Its new strategy spans four...

Feb 1, 2022

Retail

Asda opens eight more New Look concessions

British supermarket chain Asda has expanded its partnership with fashion retailer New Look. Eight more New Look concession stores have opened across the UK following a successful trial launched in September at two Asda stores, Drapers reports. The new concessions are located in Lower Earley in Reading, Gravesend in Kent, Bedminster in Bristol,...

Nov 24, 2021

Business

New Look to open flagship store at Liverpool One

New Look is opening a flagship store in Liverpool. Relocating from its temporary location on Upper South John Street to 19 South John Street, the brand is staying in the Liverpool One shopping centre. The 20,000 square foot retail space is a renewal of the commitment that the brand has to Liverpool One, having first opened a store at the...

Oct 18, 2021

BusinessFeatured

Retailers New Look and Next to pilot new supply chain platform

The UK Fashion and Textile Association (UKFT) is working with technology companies IBM, Tech Data, and the Future Fashion Factory to design, prototype and pilot a new technology platform to help the fashion and textile industry drive sustainability and profitability through increased transparency within the supply chain. The Sustainable Supply...

Aug 4, 2021

Fashion Featured

New Look full-year sales plummet, but recovery underway

New Look has reported a steep drop in full-year revenue after the high street retailer was hit hard by store closures during the pandemic, but its sales have rebounded strongly in the first quarter of the current financial year. Revenue for the year to March 27 dropped 40 percent to 542.2 million pounds, compared to 912.8 million pounds a year...

Aug 3, 2021

Business

New Look wins landlord battle over CVA

New Look has won its court battle against landlords who were challenging the British fashion retailer’s company voluntary arrangement (CVA). In September 2020, New Look received the green light from creditors to go ahead with its second CVA in less than two years. Under the terms of the restructuring, the retailer switched to turnover-based...

May 11, 2021

People

New Look appoints first chief technology officer

New Look has announced the appointment of Ed Alford to the newly created role of chief technology officer. In his new position, Alford will be tasked with driving the British fashion retailer’s omnichannel strategy, and will be responsible for the company’s technology investment, engineering and IT functions. New Look said the appointment...

Apr 12, 2021

Business

New Look in court battle with landlords over CVA

New Look is reportedly facing off against four landlords in a High Court battle over the British fashion retailer’s restructuring plan. The landlords, which include British Land and Land Securities, argue New Look should pay a “bare minimum market rent” on its stores as part of its company voluntary arrangement (CVA) which received approval from...

Mar 17, 2021

Business

New Look completes recapitalisation

British fashion retailer New Look has announced the completion of its major recapitalisation launched earlier this year when its trading was hit by the Covid-19 pandemic. The company said the recapitalisation “significantly reduces long-term debt and provides financial strength and flexibility to deliver a sustainable trading platform for the...

Nov 10, 2020

BusinessFeatured

New Look CVA proposal fails to meet best practices standards, says BPF

The CVA proposal launched by New Look this week which aims to switch the majority of its store estate over to turnaround-based rent does not meet best practices standards, The British Property Federation (BPF) has warned. Under New Look’s CVA proposal, outlined on Wednesday, 402 of its stores would be switched to a turnover percentage of up to...

Aug 27, 2020