Nursery Today magazine

Expectant Mothercare on target

Store struggles in UK but foreign sales grow

IMothercare has cut losses from its UK outlets and reported pre-tax profits of £5.5m in the six months to 11 October, compared with an £11m loss last year.

The company has shops in 60 countries but still earns more than a third of its revenue in the United Kingdom.
However, the stores in the UK are holding the company back but the management plan has narrowed its losses.
Mothercare said that it was encouraging UK like-for-like sales had risen 1.5% from last year. It has cut back on discounts and special offers.
Online sales rose by 14% and now account for a quarter of all UK sales. Mothercare also shut 14 British shops that were losing money.
The company said in September that it would ask shareholders for a £100m rights issue to help fund store closures and revamp existing ones.
Although Mothercare is struggling in the UK, its international business has been growing. Like-for-like international sales rose by 5% to £398m, boosted by soaring demand in Asia, its fastest-growing region, where it has 372 stores in 12 countries.

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