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British fast fashion chain New Look earnings, revenue falls in third quarter

Published 06/02/2018, 07:31
Updated 06/02/2018, 07:40
© Reuters.  British fast fashion chain New Look earnings, revenue falls in third quarter

LONDON (Reuters) - British fast fashion chain New Look on Tuesday said its earnings before interest, tax, depreciation and amortization fell to 43.8 million pounds in the 39 weeks ending in December, from 153.8 million pounds in the same period a year earlier.

Revenue fell 6.3 percent to 1,069 million pounds.

The company, which is owned by South Africa’s Brait (J:BATJ), has been struggling with declining sales in a fiercely competitive British market.

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