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New Look announces closures

New Look today announces a proposal to reduce its UK store estate and rental costs amid challenged trading performance and a difficult retail environment. The Company is today instigating a Company Voluntary Arrangement (CVA) and seeking approval from creditors on a plan to improve the operational performance of the Company. Under the proposal, New Look […]

Retail sales rise in the run-up to Christmas

Retail sales rose in the year to December, building further on November’s solid performance, according to the latest monthly CBI Distributive Trades Survey. The survey of 109 firms, of which 56 were retailers, showed that in the year to December, retail sales and orders continued to rise, although both disappointed expectations of somewhat stronger growth. […]

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