Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • New Look requests 3 month rent holiday

New Look requests 3 month rent holiday

  • Categories Retail News, Top News
  • Date March 27, 2020
  • Comments 0 comment

New Look requests three-month rent holiday from landlords

It also outlined other immediate actions to help navigate the economic impact of the coronavirus pandemic

This includes reducing marketing costs, pausing all production & recruitment, delaying capex projects

New Look has confirmed that it requested a three-month rent holiday from landlords amid measures to help the retailer navigate the economic impact of the coronavirus pandemic.

In a business update, the fashion retailer said it was focused on preserving cash, maximising liquidity, managing working capital and reducing costs.

As a result, it said it has taken “proactive and immediate actions” taken to date, including significantly reducing marketing costs, pausing all production, delaying all significant capex projects and halting recruitment.

Source: Retail Gazette

Tag:coronavirus, new look, Retail news

  • Share:
gsiino

Previous post

Morrisons moves to help customers and staff during the coronavirus outbreak
March 27, 2020

Next post

Coronavirus: H&M asks landlords for rent relief
March 27, 2020

You may also like

IMG_4093
Aldi targets 20 new store locations across the UK
18 June, 2025
lithuania
Retail technology innovation of the week: AI driven age estimation tech goes live at IKI Lithuania stores
13 June, 2025
carrefou oficial
Carrefour first major European grocer to adopt VusionGroup EdgeSense tech, following Walmart roll-out in US
12 June, 2025

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Aldi targets 20 new store locations across the UK
18Jun2025
Retail technology innovation of the week: AI driven age estimation tech goes live at IKI Lithuania stores
13Jun2025
Carrefour first major European grocer to adopt VusionGroup EdgeSense tech, following Walmart roll-out in US
12Jun2025
BAO BAO ISSEY MIYAKE Opens Its First U.S. Flagship Store in Soho, New York
12Jun2025
Kith & Wilson are Coming to London in Boutique Style
12Jun2025

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy