May 24, 2019
Mothercare sales plunge as losses widen
Sales in the UK arm of baby goods retailer Mothercare plunged almost 9% last year as its losses widened to £87.3m. The firm said its sales had fallen following reduced consumer confidence after last year's restructuring. That led to it closing almost a third of its stores. It is now left with 79 and will develop its online sales. Boss Mark Newton-Jones said the firm was on a "Sounder footing" after the sale of the Early Learning Centre.
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