Numerous possible causes, including:
1) brake rubbing - can the wheel be spun freely when off the ground? Do new and old hubs have the same distance between locknuts? Are the rim widths the same?
2) bearings overtight - having taken wheel off bike, can you feel a lot of friction spinning the axle with your hand?
3) different gearing - is the cassette/freewheel size different to old?
etc.