High Street Fashion Favourite 'To Close Around 60 UK Stores'

Oh no!

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New Look has reportedly revealed it is going to close around 60 stores across the country.

Plans have been put together to save on rent costs, according to Sky News - which include closing 10% of its stores.

Last weekend it as revealed that credit insurance had been withdrawn to many of  the retailer's suppliers - meaning that the company would be forced to pay for products up-front.

A decision on which stores could close is expected in the coming weeks, Sky News reports.

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