Find in the news:
BY COUNTRY

New Look considering IPO



New Look is ready to consider an initial public offering as it gears up to open in excess of 50 stores in China over the next 14 months.


The group’s CEO, Anders Kristiansen, said the company has shown that it can perform well even during tough periods, so the general feeling is that the business is ready. The timing of an IPO will be at the discretion of the private-equity backers of New Look, Permira and Apax.


New Look has reported a decline of 1.6% in revenues for the quarter ended 27 December, with an increase in operating profits of 1.8%.


According to Kristiansen, the firm saw a rise in sales during December, which offset its poor performance in the two previous months. With the exclusion of store closures and openings, the company’s sales declined by 1%, even though online sales saw an increase of 33%.


Kristiansen said January sales were doing well, mainly because the colder weather in Britain has aided in clearing some of the leftover winter clothes. New Look is not betting on an increase in fashion spends, but they believe that low-interest rates and lower fuel prices have aided their sales figures.


The fashion chain is due to open around 60 stores during the next year. It is planning to open five more stores in Poland, in addition to the 11 it already has in the country. The company has 18 stores in China and this is where its main growth will be focused during this year.


However, New Look closed its stores in Russia last year, due to the crisis in the Ukraine. It also disposed of the French fashion chain, Mim, after several years of inadequate performance.


New Look has no plans to increase the number of UK outlets, but is rather considering relocation of around five stores to more suitable sites.

Related shopping malls and stores:

More about shopping malls in China



Mar 24, 2024, China:
Apple's newest store in Shanghai opened on March 21.
Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Friend
and Follow
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us