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According to Sky News, new look will completely withdraw from the Chinese market in the new round of international business restructuring, and the group later issued a statement to confirm the news. It's only four and a half years since the brand entered China in a big way. In July 2015, the management put forward the dream of 500 stores in three years.
New look's overseas operations recorded a loss of more than £ 37 million in the year ended March 24, 2018. Comparable sales of the new look brand and the UK MAINLAND fell 11.4% and 11.7% year-on-year respectively, sales of proprietary websites fell by 19.2%, the group's total revenue fell by 7.3% year-on-year to £ 1347.8 million, and the Group recorded a basic operating loss of £ 74.3 million.
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