Category list : Mothercare
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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.
Mothercare has placed its subsidiary, Childrens World, into administration after its company voluntary arrangement (CVA) proposal failed to gain support from creditors.
Mothercare non-exec directors to step downSubscription
Mothercare has announced that non-executive directors Richard Rivers and Lee Ginsberg are to step down from their roles in the business.