Fashion giant to shut high street store for good TODAY as it launches huge sale after wave of closures

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AN ICONIC high street chain is closing one of its stores in a major UK city today. 

A huge final day sale has been launched to clear out stock – just days after another branch was forced to shut.

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New Look is one of the most popular high street shops and is fan-favourite for stylish clothes and accessories. 

However, in recent years, the brand has battled with soaring costs and the growth of online retail.

As part of a strategy to close a staggering 100 stores, New Look will be putting the shutters down for good at their St Austell and Gateshead, Tyne and Wear location.

The branch will serve their last customers on March 9 before bowing out of the high street. 

They have launched a huge sale to help them clear out their stock, with some luxury items being reduced to just £3. 

Fans of the branch have taken to social media to express their disappointment at the closure. 

One expressed disappointment over how many closures are taking place on our high streets. 

She said: “Everything is closing.good lord.x”

Another pointed out how online shopping is killing the high street.

She said: “More stores disappearing from the high street coz online is killing the feel to go shopping.”

The chain has previously closed locations in Porth, Rhondda Cynon Taf and Wickford, Essex.

New Look is just the latest chain to announce that they are struggling in the current economic climate. 

The clothing brand Select Fashion decided to shut down 35 of their stores, as employers prepare for the increase in their National Insurance contributions. 

Rachel Reeves, the current Chancellor, defended her decision to raise NI by pointing out that she was raising minimum wages for working people and that more money was being poured into the country’s public services. 

She also said that she was doing what she felt was necessary to stabilise a turbulent economy, inherited from the Tory party.