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Sales down at New Look as warm weather strikes again

New Look reported a 1.7% drop in sales for the three months to December 27 as the warm autumn weather hits another high street retailer.

Sales in the UK dropped 1% for the period however online sales soared 28.6% during the quarter.

Anders Kristiansen, chief executive of the retailer, said the business showed a “robust performance” against a “challenging backdrop”.

Profit before tax was up 28% for the 13 weeks.

“Although October and November were affected by unseasonably warm weather, we grew market share in the period and our Christmas trading figures are testament to the quality of our product and the continued investment made in our multichannel offer, both in-store and online.”

Christmas trading was strong with like-for-like sales up 4.1% for the seven weeks to January 3.

The retailer said the return of colder weather in January has supported the clearance of Sale stock.

“As a Group we remain well positioned as we continue to deliver against our strategic initiatives of brand, global expansion, multichannel, menswear and product development.”

@jillgeoghegan

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