3 years, 8 months ago

Sales rebound at New Look after restructuring

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy New Look has said that larger shopping sprees have offset lower footfall as the fashion retailer seeks to recover from a difficult year amid the pandemic. Chief executive Nigel Oddy said New Look’s figures for last year “are clearly not reflective of the health of the business as it stands here today”. It came after New Look pushed through a Company’s Voluntary Arrangement restructuring deal which also heavily reduced its rent bill. New Look said on Tuesday that it has been boosted by the reopening of stores in April but has Total revenues for the period soared by 181.7% to £194.4 million compared with the same period last year, which had seen the firm hammered by pandemic closures.

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