New Look set to shut 60 UK stores

See the proposed list of store closures

Author: Alex RossPublished 7th Mar 2018
Last updated 7th Mar 2018

High street giant New Look has today announced they are set to close 60 of their UK stores, meaning 980 people will be at risk of redundancy.

The clothing shop, which caters for women, men, children, has made the announcement after a challenging trading performance and a "difficult" retail environment.

According to new reports, the company has applied for a Company Voluntary Arrangement (CVA), something which allows in debt businesses to pay debts whilst they are still trading, to prevent full closure.

Executive chairman Alistair McGeorge said, "Given our challenged trading performance and over-rented UK store estate, we are having to take tough but necessary actions to reduce our fixed cost base and restore long-term profitability.

"We have held constructive discussions with our key landlords and strategic partners and will now seek creditor approval on our CVA proposal.

"A priority for us is to keep all potentially affected colleagues informed during this difficult time."

See the full list of stories identified for potential closure:

Aberdeen - Bon Accord

Beckton

Bolton Mens

Borehamwood

Brynmawr

Burton Mens

Cameron Toll

Cardiff - Queen Arcade

Cheshunt

Clevedon

Craigleith

Doncaster Mens

Dundee – Wellgate

Exeter Mens

Fleet

Gateshead - Team Valley

Glasgow - Buchanan Street Mens

Gorleston

Hanley Mens - Intu Potteries

Hounslow Mens

Hull – Whitefriargate

Keynsham

Kingswood

Leeds - The Core Shopping Centre

Leicester – Haymarket

London - Marble Arch

London - Moorgate/ London Wall

London - Oxford Circus

Maidenhead

Maidstone Mens

Merry Hill Mens

Metro Centre – Mens

Monmouth

Newport Mens

Newton Mearns

North Shields

Nottingham Mens

Ocean Terminal

Peterbrough Bridge Street

Pontypool

Portswood

Ramsgate

Reading - Broad Street

Reading Oracle Mens

Rhyl

Romford Mens

Rugby

Shrewsbury Mens

Sidmouth

Stockport – Merseyway

Stockton-on-Tees

Stratford Upon Avon -Bridge Street

Thornaby

Tonypandy

Torquay - Union Street

Tredegar

Troon

Wallsend

Weston Favell

Wigan Men

The high street giant has confirmed that it will attempt to redeploy the 980 people whose job are at risk to other stores.

Feeling the wrath of the recent surge in online shopping, New Look is just one of popular high streets brands in financial trouble.

Just last week, both Maplin and Toys R Us went into administration.