• Text size      
  • Send this article to a friend
  • Print this article

New Look hails 'terrific' sales boost

NEW Look has hailed a "terrific" set of results as it made the most of summer fashion choices such as kimono-style tops and printed trousers.

The chain, owned by private equity groups Apax and Permira as well as founder Tom Singh, reported a jump in quarterly like-for-like sales of 11.6 per cent in the UK, where it has 576 stores, and a rise of 8.9 per cent across the group.

It said it was particularly pleased with the way it ­capitalised on key trends, having sold 40,000 kimonos a week across its 1,100 stores during the 13-week period to June 28. Operating profits for the quarter were 18.8 per cent higher at £59.4 million, while revenues rose 8.1 per cent to £392.5m.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.