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New Look's sales slump but 'good' growth online

By Ben Woods

Published 09/11/2016

New Look stores have seen sales slump
New Look stores have seen sales slump

Fashion retailer New Look, which has around 20 stores in Northern Ireland, remains under pressure from tough high street trading after revealing a slump in sales.

The group said UK like-for-like sales fell by 8.8% in the 26 weeks to September 24 as it grappled with "extremely challenging" conditions.

It pinned the dismal update on "falling consumer confidence", but said it had seen "good revenue growth online and internationally".

It came as high street bellwether Marks & Spencer revealed more trading woes from its embattled clothing division, with like-for-like sales down by 5.9% in the first half.

Clothing giant Next has also been feeling the pinch from flagging sales, announcing a 5.9% drop in the third quarter last week. However, the latest figures from the British Retail Consortium-KPMG survey showed that UK like-for-like retail sales rose 1.7% in October, compared with the same month last year.

Belfast Telegraph

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