Fashion retailer New Look has revealed its latest results posting a “disappointing quarter of trading” in what it called a difficult market. In the three months to June 24 New Look saw underlying operating profits dive 60.3 per cent to £12.1 million. It also posted losses of £15.2 million on a bottom line basis, against a £5.8 million profit a year prior.
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New Look sees profits dive over 60% in Q1