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 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search