New Look is UK’s third-biggest online fashion retailer

New Look’s e-commerce offering has become the UK’s third-biggest online fashion retailer, taking 1.3m orders in its latest financial year.
NewLook.com has moved from fifth to third place in the market, taking a 4.1% share. The recently launched new website approached two million hits a week.
The online figures came against a background of growing revenue and operating profits. Total revenue in the year to March 27 2010 rose by 10.7% to £1.46bn, while underlying operating profit grew by 17.7% to £163m.
The company now has stores in 12 countries, with four new countries added this year. Sixteen of the company’s 61 new store openings were in the UK.
Carl McPhail, chief executive of New Look, said the “hard to predict” nature of the current UK economy would be one of the retailer’s main challenges in the year ahead.
He added:
We remain confident in the fundamental value of our of our business and our strong future growth prospects and expect to make continued progress as we focus on driving the business at home, internationally and online.