New look status

New Look is a popular British multinational fashion retailer that offers a wide range of clothing, shoes, and accessories for women, men, and children. Here's an update on their current status:

Financial Performance:

• In 2020, New Look reported a revenue of £1.3 billion, a 10% decrease from the previous year due to the COVID-19 pandemic.
• The company has been working to reduce its debt and improve its financial performance, and in 2020, it reported a profit before tax of £14.4 million.

Store Closures:

• In 2020, New Look announced plans to close around 60 stores in the UK and Ireland, as part of its efforts to reduce costs and improve profitability.
• The company has also been focusing on its online presence, investing in its e-commerce platform and expanding its delivery options.

New Look Online:

• New Look's online platform has been a key area of focus for the company, with a significant investment in its digital capabilities.
• The company has reported strong online sales growth, with a 25% increase in online revenue in 2020.

Sustainability Efforts:

• New Look has been working to improve its sustainability performance, with a focus on reducing waste, increasing recycling, and sourcing more sustainable materials.
• The company has set targets to reduce its carbon footprint, energy consumption, and water usage, and is working to increase its use of renewable energy.

Employee Numbers:

• As of 2020, New Look employed around 12,000 people across its stores, distribution centers, and head office.

CEO:

• New Look is currently led by CEO, Anders Kristiansen, who has been in the role since 2019.

Overall, New Look is working to adapt to the changing retail landscape, focusing on its online presence, improving its financial performance, and increasing its sustainability efforts.