Home / Knowledge / News / Apparel/Garments / Mothercare HI FY'14 worldwide sales up 4.4%
Mothercare HI FY'14 worldwide sales up 4.4%
22
Nov '13
Mothercare plc, announces half year results for the 28-week periods to 12 October 2013.

Highlights for H1 FY2013/14

Financial highlights

- Group returns to half year profit with underlying profit before tax of £2.0 million

- Worldwide network sales up 4.4% to £637.7 million; total International sales up 13.0%1 and total UK sales down 7.5%

- International like-for-like sales up 4.8%; UK like-for-like sales (1.4%), on an improving trend from (3.4%) last year

-Underlying International profits up 13.5% to £25.2 million and underlying UK losses reduced by £2.0 million to £14.9 million

- Net debt of £48.0 million with banking facilities refinanced

Operating highlights

- International space up 11.9% with 1,156 stores in 59 countries

- Reshaping of UK business continued with the closure of an additional 18 loss making stores and refits in some key stores

- Growth in total Direct sales, with click-and-collect now in all stores in advance of peak trading

- Award winning mobile app; mobile visits now represent 33% of all website traffic

- Further product innovation with 30% newness in our toy range for Christmas

Alan Parker, Chairman of Mothercare plc, said:

"The Group has delivered its first half year underlying profit since 2010/11. International has continued to see double-digit growth and the UK has seen losses reduced. Our geographic diversification has supported these results amid some challenging trading conditions. The business is moving to a firmer footing."

Simon Calver, Chief Executive of Mothercare plc, said:

"The benefits of the changes we are making to the business are clear, with a return to underlying profit. Our International business continues to deliver double-digit growth and the opportunities in these markets remain.

"In the UK, online sales are growing and customer surveys indicate improving satisfaction rates. The newly launched CRM capability will help us improve service levels further as we align our offer to our customers' needs. We continue to target a return to profit in the UK and the reduced UK operating loss this half year is a step in the right direction.

"We are planning for consumer spending to remain subdued in the UK during the second half of the year. We have made progress with our Transformation and Growth plan, but there is more to do. We continue to strengthen our position, becoming the world's leading mother and baby specialist."

Mothercare

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Paolo Ocleppo
Sandvik Hyperion

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

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 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