Home / Knowledge / News / Apparel/Garments / Sales up 2.1% at Mothercare for 28 weeks ended Oct 13
Sales up 2.1% at Mothercare for 28 weeks ended Oct 13
26
Nov '12
Mothercare Plc, the leading international mother and baby retailer, announces interim results for the 28 weeks to 13 October 2012.

Key highlights for first half

  • Work on the Transformation and Growth plan is progressing well, with store     portfolio restructuring on track, new store format launched, management team     restructured and strengthened, website re-launched, improved value     proposition, new ranges across all three business segments and improved focus on customer service
  • Worldwide network sales up 2.1% at ÂGBP636.8 million, with International retail sales up 10.8% and UK retail sales down 8.6%
  • International like-for-like sales up 4.4% and UK like-for-like sales performance improved, with decline reduced to -3.4%
  • Group underlying loss before tax reduced to ÂGBP0.6 million (H1 2011/12: loss of ÂGBP4.4m)
  • Net debt of ÂGBP29.8 million, following tight control of working capital and cash

Alan Parker, Chairman of Mothercare, said:

"We have made good progress over the last six months in implementing the cost and efficiency measures of our three-year Transformation & Growth plan for Mothercare.   These are early days and while there is much still to do, I remain confident that we are on track."

Simon Calver, Chief Executive of Mothercare, said:

"My first six months as CEO have been both challenging and exciting. We are starting to see the impact of our actions to ensure that Mothercare can deliver what our customers want - better value, choice and service.  Our results show early signs of progress despite the challenging trading conditions in the UK and the Eurozone. International profits have grown by 20%, while the like-for-like sales trend in the UK has improved and losses have reduced. Ahead of our peak trading period over Christmas, we are working hard to serve our customers better and focusing on the delivery of our plan."

The Mothercare group is comprised principally of two iconic retail brands with international appeal; Mothercare and Early Learning Centre.

Mothercare plc

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search