THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail HR Summit
Retail Ecom Central
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
New Look like-for-like sales up 1.5% over Christmas

High street fashion retailer New Look has reported a 1.5% increase in UK like-for-like sales over the Christmas trading period after seeing a strong full price… View Article

GENERAL MERCHANDISE NEWS

New Look like-for-like sales up 1.5% over Christmas

High street fashion retailer New Look has reported a 1.5% increase in UK like-for-like sales over the Christmas trading period after seeing a strong full price sales performance.

In the seven weeks to 28 December 2013, total UK sales rose 2.9% while total sales across the New Look Group increased by 2.6%.

E-commerce sales surged by 62% with own website sales rising by 48%. Around a quarter of all orders were via click and collect.

The retailer said its gross margin had also risen due to a stronger full price sales mix.

Never Miss a Retail Update!

Commenting on the Christmas trading, New Look chief executive Anders Kristiansen said: “New Look has performed well over this period. After a difficult start to the quarter, on account of an unseasonably warm October, trading returned to more normal levels. However, the festive trading window was smaller this year, with customers delaying purchases in order to seek out the best promotions before Christmas.

“In spite of the backdrop of extensive Christmas discounting across the High Street, our stronger full price sales performance ensured that we were able to protect our margin – a central component of our strategy – and we also saw our market share grow.

“We are optimistic about the year ahead but remain watchful of the pace of recovery in the UK economy and the continued pressures facing our customers.”

Subscribe For Retail News