New Look average monthly number of employees worldwide 2011-2018

British fast fashion company New Look underwent restructuring in the 2018/2019 financial year. The resulting store closures, in the meantime, meant that the number of people employed in New Look stores worldwide went down as well. In the financial year 2017/2018, employee numbers dropped to 17,943 as displayed in the present graph.

Store closures



New Look is but one of many UK retailers struggling to survive on the high street. In 2018, women’s clothes stores and fashion shops like New Look were amongst the leading types to have the highest net closures in UK high streets. New Look itself lost over 100 stores in the UK to closures as part of restructuring plans that followed a CVA.

Revenue and profits falling



A closer look at New Look’s financial results gives us clues about the dire straits the clothing retailer seems to have been in for a while. In 2019, the New Look Group reported another year of decreased revenue worldwide. Even the retailer’s e-commerce business, which flourished particularly around 2017, took a blow in 2019.

Average monthly number of New Look Group employees worldwide from financial year 2011/12 to 2017/18*

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Source

Release date

June 2018

Region

United Kingdom

Survey time period

Financial year 2011/12 to 2017/18**

Supplementary notes

* Includes directors.
** Financial years run in the 52 weeks ending on the last working day of March for each consecutive year.
Data for 2011/12 and 2015/16 is taken from previous annual reports by the source.

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Statistics on "New Look Group"

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