New look retailers ltd uk

New Look Retailers Ltd is a British multinational fashion retailer that was founded in 1969. Here are some key facts about the company:

History: New Look was founded by Tom Hunter and his wife, Shirley, in 1969. The first store opened in Taunton, Somerset, and the company quickly expanded across the UK.

Business Model: New Look is a fast-fashion retailer that offers a range of clothing, shoes, and accessories for women, men, and children. The company operates a mix of standalone stores, concessions, and online platforms.

Product Range: New Look offers a wide range of products, including:

Operations: New Look operates over 600 stores across the UK, Ireland, and internationally. The company also has a strong online presence, with a website and mobile app that allows customers to shop online and in-store.

Financials: New Look is a subsidiary of the South African retail group, Associated British Foods (ABF). In 2020, the company reported a revenue of £1.3 billion and a profit before tax of £44 million.

Challenges: In recent years, New Look has faced significant challenges, including increased competition from online retailers, changing consumer behavior, and a decline in footfall in physical stores. In 2018, the company underwent a major restructuring, which included the closure of over 60 stores and the loss of thousands of jobs.

Sustainability: New Look has made efforts to improve its sustainability in recent years, including the introduction of a "Sustainable Fashion" range, which uses recycled materials and reduces waste. 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 "Best Fashion Retailer" at the 2019 Retail Week Awards and "Sustainable Fashion Retailer of the Year" at the 2020 Drapers Awards.