Menu
06/01/2009
New Look Sales Bolster Expansion Plans
As high street giants Next and Debenhams reel from poor like-for-like annual sales, discounted fashion chain New Look reported a 2.8% growth in quarterly sales, bolstering further expansion plans.
Despite unfavourable market conditions for retailers, New Look is expected to open a number of new stores this year.
Bought by private equity firms Apax and Permira and company founder Tom Singh for £699m in 2004, the group has saw a 14.5% rise in sales during the Christmas trading period, across all its stores, home and abroad.
Executive Chairman Phil Wrigley said the fashion chain was "winning in an increasingly difficult market by staying focussed on the delivery of fashion our customers want at prices they can afford".
"We expect the market will become more difficult in 2009 but we will continue to invest to drive growth in the UK and overseas," he added, in a trading statement.
Plans to increase sales space in UK by 350,000 square feet have been announced by the firm, which hopes to expand within this financial year.
New Look has also signed a new franchise agreement for Russia and is expected to open its first store in Moscow early this year.
(PR/JM)
Despite unfavourable market conditions for retailers, New Look is expected to open a number of new stores this year.
Bought by private equity firms Apax and Permira and company founder Tom Singh for £699m in 2004, the group has saw a 14.5% rise in sales during the Christmas trading period, across all its stores, home and abroad.
Executive Chairman Phil Wrigley said the fashion chain was "winning in an increasingly difficult market by staying focussed on the delivery of fashion our customers want at prices they can afford".
"We expect the market will become more difficult in 2009 but we will continue to invest to drive growth in the UK and overseas," he added, in a trading statement.
Plans to increase sales space in UK by 350,000 square feet have been announced by the firm, which hopes to expand within this financial year.
New Look has also signed a new franchise agreement for Russia and is expected to open its first store in Moscow early this year.
(PR/JM)
Related UK National News Stories
Click here for the latest headlines.
05 March 2004
New car sales look set for record March
Car dealers are looking forward to a record spring period as figures for February revealed that new car registrations climbed 3.8% to peak at 91,460 vehicles. This has brought the number of new cars registered so far this year to 289,051 a rise 5.2%.
New car sales look set for record March
Car dealers are looking forward to a record spring period as figures for February revealed that new car registrations climbed 3.8% to peak at 91,460 vehicles. This has brought the number of new cars registered so far this year to 289,051 a rise 5.2%.
14 March 2012
Greggs Sales Boosted By New Stores
Greggs, the UK’s largest chain of bakeries, have said both profits and sales rose in 2011 as it opened 84 new stores. The also said they have plans for 90 more new stores and to explore new store formats. 2011 pre-tax profits were up 15% to £60.5m. But after stripping out exceptional items, profits rose just 1.1%.
Greggs Sales Boosted By New Stores
Greggs, the UK’s largest chain of bakeries, have said both profits and sales rose in 2011 as it opened 84 new stores. The also said they have plans for 90 more new stores and to explore new store formats. 2011 pre-tax profits were up 15% to £60.5m. But after stripping out exceptional items, profits rose just 1.1%.
21 July 2005
Sluggish retail sales growth peaks in June
The latest figures from the Office for National Statistics have revealed that in June the underlying rate of growth in retail sales volumes was the highest so far this year. However, the annual growth has remained the lowest for more than six years, according to data released today by the ONS.
Sluggish retail sales growth peaks in June
The latest figures from the Office for National Statistics have revealed that in June the underlying rate of growth in retail sales volumes was the highest so far this year. However, the annual growth has remained the lowest for more than six years, according to data released today by the ONS.
23 May 2005
Camelot announces increase in Lottery sales
National Lottery operator Camelot has announced a rise in lottery ticket sales. Ticket sales for the National Lottery rose by more than £150 million to £4,776.1 million, over three times the £40 million increase of the previous year. The new figures mean that a total of £1.
Camelot announces increase in Lottery sales
National Lottery operator Camelot has announced a rise in lottery ticket sales. Ticket sales for the National Lottery rose by more than £150 million to £4,776.1 million, over three times the £40 million increase of the previous year. The new figures mean that a total of £1.
25 March 2010
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
-
Northern Ireland WeatherToday:A cloudy morning with some outbreaks of rain, some on the heavy side. Then turning brighter in afternoon with sunny intervals and more isolated showers. Fresh southeatserly winds. Maximum temperature 14 °C.Tonight:A dry evening with some sunshine to end the day, then staying dry overnight with some clear periods. Winds easing. Minimum temperature 6 °C.
