Category list : Mothercare
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Sales slip at MothercareSubscription
Sales at Mothercare fell in the first quarter as the mother and baby retailer completed its accelerated store closure programme.
Mothercare to dispose of Early Learning CentreSubscription
Mothercare plans to sell children’s and babies’ toy retailer Early Learning Centre (ELC) to Teal Brands, a subsidiary of the Entertainer Group, for up to £13.5m.
Sales slump at MothercareSubscription
Mothercare’s UK like-for-like sales fell by 11.4% year on year for the 13-week period to 5 January 2019.
Losses mount at MothercareSubscription
Mothercare’s group adjusted loss before tax increased 138% year on year to £6.2m in the 28 weeks to 6 October, as tough trading continues to bite.
Dr Martens, Gap and Mothercare have joined other leading UK retailers in a new industry initiative created by the British Retail Consortium to advance sustainability, development and quality.
Mothercare culls 200 head office jobsSubscription
Mothercare is set to axe around 200 roles from its head office in Watford as part of a restructure that will help it to achieve its £19m cost-saving target.
“We cannot be complacent as refinancing the business is just the first step of building a solid foundation for the future of the Mothercare brand,” said interim executive chairman Clive Whiley as he confirmed the company has completed the refinancing of the group.
Mothercare raises funds through share offerSubscription
Mothercare has raised almost 78% of its anticipated £32.5m to invest in digital and mobile from its existing shareholders and said the remaining 22% will be taken up following the placing.
Retailer profit warnings double in a year Subscription
The number of profit warnings by FTSE-listed retailers has doubled over the past year as the sector battles reduced spending.
Mothercare CEO: ‘We can go faster following CVA' Subscription
Mothercare will invest heavily in digital to turn its fortunes around following its company voluntary arrangement (CVA), chief executive Mark Newton-Jones, told Drapers today.