New Look reports 'disappointing' first quarter

In the 13 weeks to 24 June, New Look brand like-for-like sales fell by 8.2% as revenue declined by 4.4% to £338.7 million.

Online sales on New Look’s own website edged down 0.6% while third party ecommerce sales rose by 15.7%,

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Meanwhile, underlying operating profit fell by 60.3% to £12.1 million and the company made a pre-tax loss of £15.2 million in the period compared to a profit of £5.8 million in the same quarter in the previous year.

Anders Kristiansen, chief executive of New Look, said: “As expected, the UK…