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 2022/23, employee numbers decreased to less than 9,800.
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 2022, the New Look Group reported worldwide revenues had increased on the previous year, but still continued the downwards trend since 2016. Even the retailer’s e-commerce business, which flourished particularly around 2017, has taken a blow in more recent years, except for during 2020/21 when e-commerce generally rocketed due to lockdowns.
Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23
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Average monthly number of employees
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Includes directors.
Financial years run in the 52 weeks ending on the last working day of March for each consecutive year.
Data for 2017/18 was restated in the 2018/19 report.
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New Look. (October 18, 2023). Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/492986/new-look-employee-numbers/
New Look. "Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23." Chart. October 18, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/492986/new-look-employee-numbers/
New Look. (2023). Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/492986/new-look-employee-numbers/
New Look. "Average Monthly Number of New Look Group Employees Worldwide from Financial Year 2012/13 to 2022/23." Statista, Statista Inc., 18 Oct 2023, https://www.statista.com/statistics/492986/new-look-employee-numbers/
New Look, Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23 Statista, https://www.statista.com/statistics/492986/new-look-employee-numbers/ (last visited August 25, 2024)
Average monthly number of New Look Group employees worldwide from financial year 2012/13 to 2022/23 [Graph], New Look, October 18, 2023. [Online]. Available: https://www.statista.com/statistics/492986/new-look-employee-numbers/