High street fashion giant to speed up shop closures after tax raid putting nearly 100 sites at risk
A HIGH street fashion giant is accelerating plans to close nearly 100 stores due to the Autumn Budget tax raid.
New Look is expected to ramp up its store closures programme ahead of April’s National Insurance hike.
GettyThe company has restructured its store estate twice in the past six years, reducing its portfolio from around 600 UK stores in 2018[/caption]Approximately a quarter of the retailer’s 364 stores are at risk when their leases expire, according to The Times.
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