Updates

New Look - Strong like-for-like sales growth

February 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Along with other retailers, New Look has reported a migration of customer expenditure away from December (full price) and into the January sales. As a result although gross margins were 1.3% lowerthan last year, like-for-like sales grew 5.1% in the 7 week period to 11 January, while seasonal stock levels remain at comfortable levels. The gross margin blip was a slight shock to investors, but it should be set in the context of a spectacular 10.6% increase within the last two years. In the light of thattrading statement previous forecasts for a pretax profit of Â£84m andearnings of 26.4p have been left unchanged for the current yearto March. With the ne ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

UNIQ

Alexon

New Look (March 2004)

New Look - Founder eyes MBO (September 2003)

New Look - Cost cutting cushions downgrades (May 2003)

New Look (January 2003)

New Look (November 2002)

New Look - Further broker upgrades expected (October 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X