With Asia specialist Anders Kristiansen as its new CEO since the start of this year, the British retailer now has the in-house expertise needed to take on China. The first of its stores could open in spring 2014.
British value fashion retailer New Look posted a 25 percent rise in underlying first half earnings as it removed costs and improved margins as part of a recovery plan following a slump in earnings in 2011-12.
New Look has seen its total sales drop by almost 6% in the 2011/2012 financial year, on a like-for-like basis. It is apparently considering closing between 50 and 100 stores, thanks to the success of its online sales.