New Look plans to close 60 stores: The full list of shops that could shut across the UK

New Look currently employs 15,300 people across the UK
PA
Alexandra Richards7 March 2018

New Look has announced plans to close 60 stores as part of a "rescue plan" which puts 980 jobs at risk.

The retail giant said the move was part of a bid to reduce its rent burden amid a "difficult retail environment."

Three London stores, including one in Oxford Circus, are among those facing closure.

The company anticipates that 980 people could lose their jobs as part of the “rescue plan” to avoid going into administration.

It said on Wednesday that it had instigated a Company Voluntary Arrangement and was seeking approval from creditors on its proposals to improve the operational performance of the Company.

The London stores potentially closing

Marble Arch

Moorgate / London Wall

Oxford Circus

These proposals include shutting 60 out of its total 593 stores in the UK alongside a further 6 sites which are sub-let to third parties.

The CVA would allow it to reduce costs and slash high rent bills on the company’s stores.

Full list of potential store closures in the UK

Aberdeen - Bon Accord; Beckton; Bolton Mens; Borehamwood; Brynmawr; Burton Mens; Cameron Toll; Cardiff - Queen 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. 

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.”

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