New Look slashes prices as it battles sliding sales amid high street crisis

has slashed prices in a bid to combat plummeting sales, months after entering a company voluntary arrangement to stay afloat amid the worsening high street crisis.

The retailer said 80 per cent of its products will be sold for £20 or less, in a “return to value-led fast fashion”, after reporting an 11.4 per cent drop in sales for the year to 24 March.

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