New Look announces store closures with loss of 980 jobs

Written by on 8th March 2018

New Look has announced that it is set to close up to 6 stores. 8 of the stores affected are situated in Wales.

The closures are set to see the loss of approximately 980 jobs.

It is also planning to slash rent on nearly 400 shops as part of a rescue plan.

Stores are set to remain open until creditors vote on the company voluntary arrangement (CVA) on March 21st.

The company said it was looking to close nearly 10% of its 593-strong UK store estate, with a further six sites that are sub-let also due to shut as it pushes ahead with a CVA.

It said the closures would lead to redundancies, with up to 980 jobs out of its workforce of 15,300 under threat, although it said it would look to redeploy staff where possible.

Its rescue plan will also see the group ask landlords to slash the rent and revise leases on 393 stores across the UK.

The stores to close in Wales include Brynmawr and Tredegar in Blaenau Gwent, Queens Arcade in Cardiff, Tonypandy in Rhondda Cynon Taf, Monmouth, Pontypool, Rhyl and New Look Men in Newport.

Here are the 60 stores set to close around the UK

Aberdeen – Bon Accord
Beckton
Bolton Mens
Borehamwood
Brynmawr
Burton Mens
Cameron Toll
Cardiff – Queens Arcade
Cheshunt
Clevedon
Craigleith
Doncaster Mens
Dundee – Wellgate
Exeter Mens
Fleet
Gateshead – Team Valley
Glasgow – Buchanan Street Mens
Gorleston
Hanley Mens – Intu Potteries
Hounslow Mens
Hull – Whitefriargate
Keynsham
Kingswood
Leeds – The Core Shopping Centre
Leicester – Haymarket
London – Marble Arch
London – Moorgate/ London Wall
London – Oxford Circus
Maidenhead
Maidstone Mens
Merry Hill Mens
Metro Centre – Mens
Monmouth
Newport Mens
Newton Mearns
North Shields
Nottingham Mens
Ocean Terminal
Peterbrough Bridge Street
Pontypool
Portswood
Ramsgate
Reading – Broad Street
Reading Oracle Mens
Rhyl
Romford Mens
Rugby
Shrewsbury Mens
Sidmouth
Stockport – Merseyway
Stockton-on-Tees
Stratford Upon Avon -Bridge Street
Thornaby
Tonypandy
Torquay – Union Street
Tredegar
Troon
Wallsend
Weston Favell
Wigan Mens


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