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April was a very difficult period for all retailers. We did have a more difficult start to the season. I am pleased to say that once the weather started to normalise so did our sales pick up," Kristiansen assured, making it clear that bad weather is not a woe to be afraid of now.
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Chief executive Anders Kristiansen said he was “very encouraged by New Look’s robust trading performance”, particularly as it came in spite of the coldest spring in 50 years, reported ‘City A.M.’ He added he was cautious about the consumer spending outlook, but said improving weather conditions had contributed to a “strong” start to the second quarter.
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ANALYSIS_New Look has seen its first-quarter sales improved by nearly 5 percent on a year-on-year basis thanks to an impressive 78.7 percent jump in online sales. The group saw slightly better overall like-for-like sales, up by 0.3 percent in the first quarter. Main concern for the company at the moment is the disappointing performance of its Mim brand in France,Discount Samsung LED TV online, as both analysts and the company hinted on Tuesday.