Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

New Look property list fuels disposal speculation

A list of nearly 50 New Look stores that could be up for possible disposal or lease renegotiations has been circulated among property sources this week, Drapers has learned.

The document details 49 stores across the retailer’s portfolio in the UK and Ireland. It is not clear where the list originated.

The list includes New Look’s two existing stores on London’s Oxford Street, one near Oxford Circus Tube station and the other by Marble Arch, as well as three in Edinburgh, including one on Princes Street. Most of the other stores are in secondary locations.

Three of the stores on the list- Biggleswade, Chester Foregate and Plymstock- have already closed. 

There is no mention of New Look’s planned new flagship at 73-89 Oxford Street, which is due to open this spring.

One property source said: “There are many obvious sites on there that would’ve been expected. The question is whether they are [earmarked for] disposals or form part of a larger restructuring.”

Another said: “It could be a situation where [New Look is] trying to get rid of those stores to reduce its outgoings, or restructure its portfolio through [upcoming] break options.”

The retailer declined to comment on the list. Both Deloitte and CBRE, which are informally advising the retailer on its potential restructuring, also declined to comment.

New Look operates 896 stores, comprising 596 in the UK and a further 300 globally, according to its financial figures released in November.

The list of stores

Aberdeen – Bon Accord
Beckton
Biggleswade
Borehamwood
Brynmawr
Cameron Toll
Cardiff – Queen Arcade
Chester – Foregate Street
Clevedon
Cork Blackpool
Cork Douglas
Craigleith
Dingwall
Drogheda
Dundee – Wellgate
Edinburgh – Princes Mall (Waverley)
Edinburgh – Princes Street
Edinburgh – Ocean Terminal
Ely
Gateshead – Team Valley
Gorleston
Greenock
Hull – Whitefriargate
Kingswood
Kirkby
Leeds – Headrow
Lewes
London – Marble Arch
London – Oxford Circus
Maidenhead
Mold
Newton Mearns
North Shields
Northallerton
Plymstock
Pontypool
Porth
Ramsgate
Rhyl
Stockport – Merseyway
Stockton-on-Tees
Stratford Upon Avon – Bridge Street
Swansea – Fforestfach
Thornaby
Tonypandy
Torquay – Union Street
Tredegar
Troon
Wick

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.