Home / Knowledge / News / Apparel/Garments / Mothercare preliminary FY 2013-14 sales show 0.5% rise
Mothercare preliminary FY 2013-14 sales show 0.5% rise
24
May '14
Mothercare plc, the leading international mother and baby specialist, announces Preliminary results for the 52-week period to 29 March 2014.
 
Highlights for FY2013/14
Financial highlights
-Worldwide network sales up 0.5% to £1,191.5 million, with total International sales up 6.4%1 despite significant currency headwinds, and total UK sales down 7.5% as further loss-making stores were closed
-International like-for-like sales up 2.5%1; UK like-for-like sales3 down 1.9%, on an improving trend after a 3.6% decline last year
-Underlying profit before tax of £9.5 million compared to £5.9 million last year with underlying International profits up 7.6% to £45.3 million and underlying UK losses5 slightly lower at £21.5 million
-Group loss before tax and after exceptional and non-underlying items of £26.3 million, which includes a non-underlying non-cash foreign currency charge of £14.9 million
-Net debt of £46.5 million, in line with previous guidance. Further covenant headroom and facilities put in place in May 2014
 
Operating highlights 
-International space up 13.1% and sales up 9.3% in constant currency with 1,221 stores in 59 countries
-Reshaping of the UK business continues with the closure of an additional net 35 loss-making stores and refits in some key stores
-Multi-channel growth, with UK Direct sales now 29% of total UK sales and a third of online orders collected in store
-In the UK, Mobile is growing rapidly and now accounts for 35% of UK online traffic
-Ten International websites in place 
 
Click here to view full results.
 

Mothercare

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search