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Spring sales rise at New Look

New Look has seen a 4.9% increase in group sales for the 13 weeks to June 29, despite the “coldest spring for 50 years.”

Like-for-like sales remained largely flat for the period, increasing by just 0.3%, while own brand sales edged up 1% from last year.

A 78.7% increase in online sales added to the company’s “confidence” in continuing progress, although it remains “cautious on the outlook for consumer spending.”

Chief executive Anders Kristiansen said: “We are very encouraged by New Look’s robust trading performance in the period, in spite of the coldest spring for 50 years.

“Our disciplined attitude to cost and stock management has enabled us to make further strong progress in a difficult and volatile trading environment. We are confident that the improvement to our ranges, the refurbishment of our stores and our growing online strength will underpin further progress.”

The retailer has gone on to have a strong start to the second quarter as the weather improved, achieving a “favourable sales mix” with a higher proportion of full price sales and a reduced number of markdowns.

 

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