new look

Don't Miss:

26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia25/09/2019

Same-store sales fell by 10.1 percent in the first quarter for UK-headquartered fashion retailer New Look. For the 13 weeks to June 29, the company says it was affected by bad weather which led to lower footfall in stores, compounded by consumer uncertainty surrounding the Brexit crisis. Combined UK and Ireland retail sales fell by […]

CONTINUE READING

Retail Asia26/10/2018

Embattled UK fashion retailer New Look is to quite China, closing some 130 remaining stores. The move follows a strategic review of the China business announced back in June, when the company put the brakes on an ambitious 450-store rollout plan after opening just 148. New Look has appointed property specialist CBRE to find new tenants […]

CONTINUE READING

Retail Asia22/10/2018

Embattled UK fashion retailer New Look is to quite China, closing some 130 remaining stores. The move follows a strategic review of the China business announced back in June, when the company put the brakes on an ambitious 450-store rollout plan after opening just 148. New Look has appointed property specialist CBRE to find new tenants […]

CONTINUE READING

Retail Asia20/06/2018

Struggling UK fashion retailer New Look is set to cull its China store network. Weeks after signing a Company Voluntary Arrangement with its creditors and landlords in the UK – a plan which will see it close 60 stores – chairman Alistair McGeorge has cast doubt on the future of the ambitious China plans announced […]

CONTINUE READING

Retail Asia12/03/2018

UK Fashion retailer new Look is to shutter 60 stores – but at least one analyst fears that may not be enough to arrest its sliding performance. The closures are a core feature of a company voluntary agreement (CVA) proposal to its creditors that will also see rents reduced and the loss of almost 1000 […]

CONTINUE READING

Retail Asia09/11/2017

Fashion retailer New Look’ has plunged into the red, posting a loss of £10.4 million in the half-year to September. Owned by South African investment firm Brait, New Look’s latest half-year result contrasts with a £59.3 million profit in the same period last year. Same-store sales fell 8.4 per cent, while total sales dropped 4.5 […]

CONTINUE READING

Retail Asia23/10/2017

New Look founder Tom Singh is among a group of private investors backing emerging men’s sportswear brand Castore. Singh remains a non-executive director of the high street chain he founded in 1969 and is also a member of the advisory board of Bridges Fund Management. He is one of a team of five investors to […]

CONTINUE READING

Retail Asia14/09/2017

New Look CEO Anders Kristiansen has stood down after almost five years. The UK fashion retailer’s board has appointed Danny Barrasso, currently MD of UK & ROI, as interim CEO with immediate effect while it identifies a permanent successor. Chairman John Gnodde said Anders made a “fantastic contribution” during his tenure with New Look. “Under […]

CONTINUE READING

Retail Asia10/08/2017

Fashion retailer New Look’s bonds hit fresh lows on Tuesday on the back of poor quarterly results it had just released. The UK chain’s results showed the company’s adjusted Ebitda declining 37.3% to £27.2m, for the 13 weeks ending June 24. It said this was due to the challenges it faced in UK sales and […]

CONTINUE READING

Retail Asia12/06/2017

New Look is to step up the pace of store openings in China under its new owner Brait, the investment company controlled by South African tycoon Christo Wiese. The fashion chain intends to open 80 stores this year, compared with the 60 previously planned, and the vast majority of those will be in China. New […]

CONTINUE READING

Retail Asia01/03/2017

The impressive Primark sales growth over the last half year has been boosted by network expansion with the addition of 16 stores across both Europe and the US – and exchange rates. The value retailer expects to end the first half with 329 stores, and 13.1 million sqft of trading space – up 12 per […]

CONTINUE READING

Retail Asia10/02/2017

New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39 weeks to 24 December 2016) UK like-for-likes are down 7.3 per […]

CONTINUE READING

Retail Asia26/10/2016

New Look, a fast-fashion retailer bearing a striking similarity to Forever 21, is aiming to boldly go where many chains have gone before but few have succeeded. The British retailer’s chief executive officer, Anders Kristiansen, has made no secret of his intentions in China, announcing plans in June to open 50 more stores there by […]

CONTINUE READING

Retail Asia24/10/2016

As Europe’s fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world’s most populous nation. Christo Wiese is promising to open 500 of his New Look stores in just three years, catapulting the British brand into the […]

CONTINUE READING

Retail Asia11/08/2016

Following a robust few years of market outperformance and share gains, the start of New Look’s 2016-17 financial year is a major disappointment. While weakened consumer confidence and unseasonal weather dampened shopper appetite to spend on clothing & footwear, New Look has underperformed the market and lost share over the period. Despite a 35.5 per […]

CONTINUE READING

Retail Asia09/08/2016

Fast fashion retailer New Look is to expand its China store network. And while the UK retailer has modest aspirations in terms of store numbers – just 25 globally over five years – it is increasing its focus on menswear. Some of the new stores slated to open in China and France within the next […]

CONTINUE READING

Retail Asia03/07/2016

Streetwear chain 77th Street is about to become another victim of Singapore’s struggling retail scene. The home-grown clothing company will close the doors of its last outlet, in Ang Mo Kio, by the end of this month, according to Channel NewsAsia. Founder Elim Chew says high rents have forced the closure, with the present rate […]

CONTINUE READING

Retail Asia25/05/2016

Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main beneficiaries. As the deadline for bids for BHS looms, hopes […]

CONTINUE READING

Retail Asia12/04/2016

Two fashion brands will bow out of the challenging retail scene here before the year is out. Eight stores in various malls showcasing the British brand New Look and French menswear chain Celio will close in the second half of the year, said distributor Jay Gee Melwani Group. “The sales are not there and the […]

CONTINUE READING

Retail Asia23/11/2015

New Look China sales are soaring on the back of a rapid mainland rollout of the UK fashion brand. Globally, New Look recorded a stellar rise in both sales and profits in the first half of this financial year – driven by fast growth in China and the successful launch of the fast fashion brand’s […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X