Fashion chain New Look considering closing 60 outlets, according to reports

PUBLISHED: 11:33 12 January 2018 | UPDATED: 11:38 12 January 2018

New Look store  in Ipswich

New Look store in Ipswich

High Street clothes retailer New Look is considering a plan to close around 10% of its British stores, according to reports.

Sky News has learnt that the South African-owned chain is drawing up proposals for a Company Voluntary Arrangement (CVA), a process often used by struggling retailers to restructure financial obligations to creditors.

It’s understood the fashion retailer hasn’t made any final decisions - but one option being weighed up is the closure of around 60 outlets.

The fashion chain has stores in many towns in the region including Ipswich, Bury St Edmunds, Sudbury, Beccles, Thetford, Lowestoft, Colchester and Clacton. In Norfolk, New Look has a presence in Norwich, Kings Lynn and Great Yarmouth.

The EADT has contacted New Look but as yet the company has declined to comment.

The news is another sign of the tough retail environment facing the high street.

Before Christmas, Toys r Us announced the closure around a quarter of its stores because of trading difficulties.

Other high street brands including Marks and Spencer, Mothercare and Debenhams have also announced falling sales.


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Bury Mercury visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Bury Mercury staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Bury Mercury account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Other popular content

59 minutes ago

Works at Copdock, the Orwell Bridge and the A12 in Colchester all feature in this week’s list.

Yesterday, 17:50

Around 800 people attended this year’s Suffolk Justice Service at St Edmundsbury Cathedral in Bury St Edmunds today.

Yesterday, 18:25

A brand new home and leisure superstore is set to open in Bury St Edmunds, creating 80 full and part-time jobs.

Yesterday, 22:00

Suffolk violinist Rosemary Hinton will be celebrating the music of her grandfather.

Local weather



max temp: 4°C

min temp: 1°C

Show Job Lists

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24