Read the latest New Look retail news on Retail Gazette
New Look is a leading omnichannel retailer specialising in clothing, footwear and accessories. Primarily operating in the UK and the Republic of Ireland, New Look also has a presence in international markets through their own website as well as 3PE partnerships.
With a focus on value, New Look’s ranges are made up of women’s apparel, footwear and accessories, as well as menswear and teenwear. Their target market caters for a spectrum of ages from early teens to 45 and over.
New Look posted a FY2021 revenue of £542.2m, with £4.3m adjusted EBITDA in FY2021. The brand operates 467 stores, and sells to 66 countries worldwide through NewLook.com.
The retailer also said it has seen a positive reaction from shoppers to its latest summer ranges with “strong” sales of dresses and sandals since UK weather warmed up.
“We have been delighted to welcome our customers back to our stores since reopening from April 2021, which, as expected, has driven strong sales growth as lower footfall has been offset by improved sales conversion rates,” Oddy said.
“Looking ahead, structural changes in the market have accelerated as a result of the pandemic and there is no doubt the retail landscape has been permanently transformed.
“New Look has an excellent opportunity to capitalise on, and the combination of a cohesive omnichannel model, conveniently located stores, and feel-good fashion at great prices will put us in a strong position to deliver long-term and sustainable growth.”
Since the beginning of 2019 New Look have been embracing the circular economy philosophy in all aspects of the business. They have made some significant progress in implementing circular systems in pockets of the business and will be building on these as they continue along our sustainability journey.
