Skip navigation

Gloucestershire Business News

A tale of two fashion retailers

Two high street fashion retailers are reporting very different results.

New Look has seen profits fall by 60 per cent and a sharp downturn in sales, as reported by Sky News.

The company said underlying operating profit fell to £12.1m for the 13 weeks to 24 June, down from £30.5m in the same period last year.

New Look said conditions on the high street are tough for all retailers, but admitted its recent products had missed the mark.

Meanwhile, White Stuff, which caters for a slightly older and more affluent consumer, has seen sales rise by 6.2 per cent, as reported by Retail Gazette. Profits fell by 29.4 per cent to £14.4 million, but this is largely down to the company's ongoing expansion. White Stuff has opened 32 stores over the last year, 18 of them in the UK.

Both White Stuff and New Look have stores in Gloucester, Cirencester and Cheltenham.

Related Articles

Tesco announces major job cuts

Tesco is cutting 1,700 jobs in its stores and warehouses.

Click here for more details

Fly tippers prosecuted for dumping waste

Two cases of fly tipping have resulted in substantial fines after two individuals were found guilty of illegally disposing of waste in Tewkesbury borough.

Click here for more details

Law firm appoints its first director of HR

South West law firm Lodders has appointed senior HR professional Sarah Naffine to the newly created role of HR director at the firm.

Click here for more details

GET special recruitment event – 29th January 2018

Gloucestershire Engineering Training (GET) is holding an apprenticeship recruitment evening for post GCSE & A-Level opportunities.

Click here for more details

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.