New Look losses narrow despite falling sales

New Look store

New Look posted narrowed losses during its half-year results following an “incredibly busy” year.

The fashion chain registered a statutory loss before tax improvement of £30.7m to £11.2m compared with a loss of £41.9m the same period the previous year.

However, sales fell to £523.8m during the 26 weeks to September 28 from £601.1m during the comparable period last year.

The fashion retailer’s UK and Ireland like-for-like sales decreased 7.4% reflecting “ongoing customer uncertainty”.

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