New Look to close 85 stores, with another 39 in the pipeline

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Fashion retailer New Look has announced it will be closing 85 stores across the UK, with another 39 potentially shutting shop.

In a bid to cut costs, the retailer announced in March that it would shut 60 stores, however this has now risen to 85.

This week, New Look bosses said 85 stores would definitely close as landlords have been exercising their rights to take back stores and relet them.

Talks with landlords at a further 13 stores continue, while the fate of 26 shops trading rent-free is unknown.

The retailer, which currently has shops in Lincoln, Gainsborough, Boston, Grimsby and Scunthorpe has not yet announced which stores will be closing.