New Look shop in Ely, was announced today that 60 stores are to close. British fashion retailer New Look plans to close 60 stores as part of a rescue deal to help it avoid going into administration. About 980 staff face redundancy - from a 15,300-strong UK workforce - and rents at about 400 stores will be slashed. The rescue plan still needs approval from creditors. New Look said it faced "a difficult trading environment". Chairman Alistair McGeorge said the cuts were "tough but necessary". The retailer hopes to redeploy employees within the business where possible.

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Keywords: administration, closing, clousers, ely, fashion, front, redunancy, retailer, shop, signage, store, stores, street