M-22: First TimeiTunesAmazon

New Look closes 60 stores

New Look store - 2br image

Published by The Stray FM News Team at 4:05pm 7th March 2018.

New Look have released the list of 60 shops they're proposing to close.

Luckily, none of the ones in North Yorkshire made the list - so stores in Harrogate, Skipton and Keighley are safe. 

But other shops across the country face a bleak future.

The 60 shops make up 10% of the retailer's business, and they say these closures come as they look to make savings on rent costs. 

A maximum of 980 colleagues now face redundancy. There are efforts to redeploy them though.

The news that stores could close came in January, when the South-African owned chain said they were drawing up proposals for a Company Voluntary Arrangement (CVA).

Those have now been released to the public. 

They've said in a statement this is down to reducing "its UK store estate and rental costs amid challenged trading performance and a difficult retail environment".

60 out of 593 stores made the list, whilst a further six sites are up to be sub-let to third parties. They also look to revise leases on another 393 stores.

Alistair McGeorge, Executive Chairman of New Look, said:

“Given our challenged trading performance and over-rented UK store estate, we are having to take tough but necessary actions to reduce our fixed cost base and restore long-term profitability.

“We have held constructive discussions with our key landlords and strategic partners and will now seek creditor approval on our CVA proposal.

"A priority for us is to keep all potentially affected colleagues informed during this difficult time.”

New Look now seeks creditor approval on the proposal, which is due on 21st March 2018.

All stores will remain open during that period.

More news from across Harrogate, Craven and Wharfedale

Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Stray FM

Newer article
Top articles

Oyez! oyez! oyez! Otley holds town crier competition

Harrogate, Craven & Wharfedale: Town crier competition in Otley sees criers enter from across the country

Suede: Britpop was a monster and you can't blame us

National: Arguably the best band in Britain in the early 90s, Suede are often labelled the founding fathers of Britpop.

Hitler and Lennin stand for election in Peru

World: Names not seen on ballot papers in several decades have returned in a small town in Peru.

Paul Pogba says Manchester United must 'attack, attack, attack' at Old Trafford

Sport: Paul Pogba has called on his Manchester United team-mates to be more ruthless and attack more when playing at Old Trafford.

Arts vital for a child's sense of inclusion

Showbiz: Sir Lenny George Henry, CBE, is a British stand-up comedian, actor, singer, writer, and TV presenter.

CCTV to return to Skipton town centre

Harrogate, Craven & Wharfedale: The project will see 40 new cameras installed.

Local community to benefit from Harrogate Town FC

Education: Focusing on education, physical health and mental health.

Revealed: The most popular baby names of 2017

Harrogate, Craven & Wharfedale: Sarah's dropped out of the top 100 for the first time since records began...

Fighting its way to Number One

70s On This Day: Get ready to become a black belt in music!

Harrogate Hospice's sculpture tribute for loved-ones

Harrogate, Craven & Wharfedale: A new sculpture will pay a lasting tribute to loved-ones at Harrogate's Spring Flower Show.

Behind The Scenes: Policing rural North Yorkshire

Harrogate, Craven & Wharfedale: Stray FM went out on a shift with Craven's Neighbourhood Policing Team.

The Ilkley restaurant so good, even their broccoli is next level

Food and Drink: Anyone with kids - or fussy adults - will know that broccoli is usually pretty bland. But one Ilkley restaurant has made it taste great, as well as whipping up a Mediterranean menu delighting customers.

One of the biggest killers of men under 49

Health: The Brain Collective in Harrogate discuss male mental health and how they can help.

Top Party Dresses for the Festive Season

Christmas: Local Blogger, the Harrogate Girl, picks the best frocks, gowns and outfits for the big Christmas parties of 2017.

The Yorkshire floods: one year on

Special Reports: People affected by last year's downpours describe what has happened in the last 12 months

Your favourite 70s Summer Song is...

70s On This Day: The battle was fierce, but we've crowned the Stray 70s listeners' top summer tune from the 1970s!

Delve into deliciousness at Mother Shiptons Inn

Test pages: We sent Stray FM's James Stanley to try out the new menu at Mother Shipton's Inn Knaresborough.

Storm Ali hits North & West Yorkshire

Harrogate, Craven & Wharfedale: Follow the latest updates as travel and services are affected.

LIVE: Stage 4 of the Tour de Yorkshire

Harrogate, Craven & Wharfedale: The Final stage of the Tour de Yorkshire is on today today, passing through Otley, Blubberhouses, Pateley Bridge and Skipton.

Tour de Yorkshire host venues confirmed

Harrogate, Craven & Wharfedale: There'll be no re-run of this year's memorable Tour de France stage finish in Harrogate.

Oyez! oyez! oyez! Otley holds town crier competition

Harrogate, Craven & Wharfedale: Town crier competition in Otley sees criers enter from across the country

Poll

Have you started planning for Christmas?

Trending in Yorkshire

Oyez! oyez! oyez! Otley holds town crier competition

Town crier competition in Otley sees criers enter from across the country

Man dead after accident near Marton cum Grafton

A man has died after a collision between a van and a pedestrian on the B2625

Royal visit at Bramham Park

Prince Charles is due to attend a private service later

Revealed: The most popular baby names of 2017

Sarah's dropped out of the top 100 for the first time since records began...

Famous authors head to Skipton

And Stray FM has half price vouchers!

More news...