Mothercare Archives - Inside Retail Singapore
Maternity retailer Mothercare has placed its UK business into administration as it seeks to protect its profitable international business.
Creditors have given the green light to the Mothercare CVA plan which will lead to the closure of 49 stores and the axing if hundreds of jobs.
Embattled UK baby goods retailer Mothercare is to close 50 stores and seek rent reductions on a further 21 as part of a plan to stay viable.
Mothercare UK sales edged up in the first quarter, but the baby products retailer experienced challenges in the Middle East.
After a reasonable first quarter, UK-based baby products retailer Mothercare has seen sales decline in the second.
UK like-for-like Mothercare sales were up by 1.2 per cent, although this represents a slight slowdown of growth, due to a reduced store network.