💨 Abstract

New Look will close its Hamilton, Scotland branch today, part of a series of planned closures, with approximately 90 stores at risk in the UK. The company, owned by Alcentra and Brait and hiring investment bankers for a strategic review, assures that customer experiences will remain unchanged during this process. This closing follows broader retail industry struggles triggered by rising costs, with British Retail Consortium predicting a $2.3bilion hit due to employer National Insurance hikes.

Courtesy: www.thesun.co.uk