Further stores are expected to close down this year (Picture: Getty)New Look has confirmed additional store closures which bosses are said to have ordered in response to Labour tax changes.The fashion giant has been planning to trim its high street presence for some time, but it reportedly increased the number of planned closures after the Autumn budget.Of the chain’s 364 shops, around 90 are ‘at risk’ when their leases expire.
The first to get the chop was New Look’s Wickford branch in Essex, which closed on January 24 after 15 years of trading.While the closure came at the request of the landlord, New Look has not announced any plans to replace the store.A spokesperson invited customers to ‘continue to shop with us at our nearby Basildon store’, adding: ‘We would like to thank all of our colleagues and the local community for their support over the years.
’Shops in Carillon Court Shopping Centre in Loughborough, along with the one in Porth, Rhondda Cyon Taf, also shut down.New Look is a familiar sight on the British high street (Picture: Bloomberg via Getty Images)Earlier this week, branches in St Austell, Cornwall shut – and on March 9, the New Look in Team Valley Retail World, Gateshead, shut down.But New Look’s Irish branch entered liquidation, meaning nearly all stores will shut down in the country.
The high street brand has already restructured its UK store estate twice in the past six years — a decrease from around 600 outlets in 2018. Stores remai.
