THE Island's branch of troubled fashion chain, New Look, is not under threat of closure it has been announced.

The group is looking at shutting 50 out of its 593 stores in the UK to reduce costs in a 'challenging' retail environment, but the Island's branch in South Street is not one of them.

Alistair McGeorge, executive chairman, said: “Given our challenged trading performance and over-rented UK store estate, we are having to take tough but necessary actions to reduce our fixed cost base and restore long-term profitability."