Fashion chain New Look hit by ‘unseasonably’ bad weather
High street fashion chain New Look suffered a 10.1 per cent fall in like-for-like sales in the three months to June 29, compared with a year earlier.
Bosses blamed the unseasonably bad weather in May and June for the slump, along with consumer uncertainty, but insisted a turnaround of the retailer was still on track.
Alistair McGeorge, executive chairman of New Look, said trading “was marked by continued consumer uncertainty and, being a seasonal business, we were clearly not immune from what has been the most unseasonable May and June on record, impacting footfall across the retail sector.”
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Hide AdHe added that sales since June have improved, rising 2.2 per cent on a like-for-like basis in the eight weeks to August 24. Focus would now turn to recruiting new talent to the business and improving supply chains, the company said.