Home / Knowledge / News / Apparel/Garments / Christmas UK sales up 5.4%, New Look
Christmas UK sales up 5.4%, New Look
23
Jan '12
New Look Retail Group Limited announces trading results for the 5 weeks to 31st December which covers the crucial Christmas period and the first week of our Sale. During this period, while trading conditions have remained challenging, New Look has started to see the impact of the actions taken since the summer to improve the performance of the business.

For this 5 week period, inc VAT sales in the UK were +5.4% (+3.4% ex VAT) and +3.6% LFL. Group inc VAT sales were +3.6% (+2.0% ex VAT).

Alistair McGeorge, Executive Chairman, said:

“We have worked hard to ensure our buying and merchandising teams are fully focused on delivering the fast fashion at great prices that our customers expect from us and are encouraged to see the early results of our actions coming through. At the same time, we have made the business more cost efficient whilst continuing to invest in key customer focussed initiatives including the successful launch of 'click and collect'.

“This compliments the work that is underway to improve the customer experience in store, strengthening our multi-channel credentials. Our online business continues to grow strongly and customers now have the choice of whether to buy online via their PC, their smart-phone or in store through a new till system which was rolled out across our branch network during 2011.

“Our recent performance demonstrates that our hard work is beginning to pay off and we are pleased that both sales and profitability are responding positively. We are nevertheless mindful that we are operating against a backdrop of a tough and potentially worsening economic climate and remain cautious about the outlook for the next few months.”

Separately, New Look announces that Guy Lister, currently Chief Marketing Officer,will become Customer & Multi-channel Managing Director and will join the main Board. Bringing together these roles is part of our wider multi-channel strategy. Guy will ensure that customers have the same great experience consistently, regardless of how they choose to shop.

New Look Retail Group Limited


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X