New Look has capitalised on key trends and managed to increase the number of its products sold at full price, giving the women’s fashion retailer a strong start to its financial year.
In the 13 weeks to 28th June, New Look’s group like-for-like sales rose by 8.9% and saw its like-for-like sales in the UK climb by 11.6%.

The group revenue also rose by 8.1% to £392.5 million, whilst its e-commerce sales jumped by 39.2%. Adjusted EBITDA increased by 18.8% to £59.4 million.

New Look chief executive Anders Kristiansen said: “These are terrific results which have exceeded our expectations, driven by the fact that we hit key trends effectively, as well as strong execution in managing our core UK and online operations.

“The great customer reaction to our summer product ranges has allowed us to maximise full price sales, whilst the improved flexibility in our supply chain means that key ranges have remained fully stocked. By the end of the quarter we had 286 concept stores globally, leaving us well placed for the year ahead.”

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