New look company
New Look is a British multinational clothing, footwear, and accessories retailer that was founded in 1969. Here are some key facts about the company:
History: New Look was founded by Tom Hunter and Jim Larkin in 1969 in Taunton, Somerset, England. The company started as a single store selling women's clothing and quickly expanded to other locations.
Business model: New Look operates as a fast-fashion retailer, offering on-trend clothing, footwear, and accessories at affordable prices. The company sources its products from a range of suppliers, including its own in-house design teams and external manufacturers.
Product range: New Look offers a wide range of products for women, men, and children, including:
- Clothing: tops, dresses, skirts, pants, jackets, and coats
- Footwear: shoes, boots, sandals, and accessories
- Accessories: hats, scarves, belts, bags, and jewelry
Operations: New Look operates over 600 stores across the UK, Ireland, and internationally, including franchise stores in countries such as Poland, Russia, and the Middle East. The company also has a strong e-commerce platform, allowing customers to shop online and have products delivered to their doorstep.
Financials: New Look is a publicly traded company listed on the London Stock Exchange. In 2020, the company reported revenue of £2.3 billion and a profit before tax of £43.4 million.
Challenges: Like many retailers, New Look has faced challenges in recent years, including increased competition from online retailers, changing consumer behavior, and the impact of the COVID-19 pandemic on the retail industry.
Sustainability efforts: New Look has made efforts to improve its sustainability, including reducing waste, increasing recycling, and implementing more environmentally friendly packaging. The company has also committed to reducing its carbon footprint and increasing its use of renewable energy.
Awards and recognition: New Look has received several awards and recognitions, including being named "Best High Street Fashion Retailer" at the 2019 Retail Week Awards and "Best Fashion Retailer" at the 2020 Drapers Awards.