Jan 9, 2019

Mothercare woes deepen as sales slide

Mother and baby retailer Mothercare has blamed a "Difficult consumer backdrop" for a fall in sales in the UK in its last quarter. Sales fell 11.4% and online sales dropped more, by 16.3%, the firm said. Last year, Mothercare underwent a company voluntary arrangement, which allowed it to shut loss-making shops and reduce rents. Mr Newton-Jones left in March last year, but then returned in May. As well as the difficult consumer backdrop, the company said the fall in sales had also been affected by "Aggressive discounting" in the previous year, which had inflated sales in that period. The international business was showing signs of recovery, he said, with sales down 1.1%..

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