We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Dec 14, 20197:48pm

Mothercare shrinks sales 9.2% in first quarter

British childrenswear company has registered a 4.5% fall in the international markets where it's present, and 23.2% in its local market. 

Jul 26, 2019 — 4:15pm
Mds
Save

Mothercare shrinks sales 9.2% in the first quarter

 

 

Mothercare starts 2019 on the low. The British children’s wear company, that is in the middle of restructuration, has closed the first quarter of its fiscal year with a 9.2% fall.

 

International sales of the group have dropped 4.5%, while in United Kingdom, Mothercare has registered a descent of 23.2% in the fist quarter. Online sales, on the other hand, have also dropped 12.1%.

 

The company has stated that the downfall of its sales is a consequence of its transformation plan, that has also comes with some closings in the country. At the beginning of the year, the company operated with 79 stores compared to the 134 stores that had in the same period last year.   

 

“The process of restructuring and rebuilding a sustainable business continues, and we have in place financing plans to support these actions as we aim to be bank-debt free by the end of the year. Our immediate priority is to complete the transformation of the business with a near-term focus on evolving and optimizing the ownership, structure and model for our UK retail operations as an independent franchise.” Mark Newton-Jones, CEO of the British company stated.

 

 

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...