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New Look becomes the third biggest fashion e-retailer

Jodi

Any e-commerce owners will be delighted to hear about another on-line business success. New Look’s recent on-line growth has seen it become the third-biggest e-commerce fashion retailer in the UK, moving up from fifth place in 2009.

New Look reported that it benefited from 1.3 million on-line orders in the last financial year. The e-retail site gets two million hits every week, which is awesome.

The budget fashion retailer – with 1,108 stores worldwide – will be pleased with an underlying operating profit growth of17.7% to £163 million for the year to 27 March 2010. Total sales were up 10.7%, reaching £1.45 billion.

It’s clear that even in tough economic times – and when high street stores are suffering financially – that many on-line stores are surviving well.

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