Mothercare has swung to a profit in the first half of the year despite a drop in turnover. In the 26 weeks to September 25, the British maternity and childrenswear specialist reported a profit before tax of 3.6 million pounds compared to a loss of 13.2 million pounds a year earlier. The company’s turnover in that period dropped 6 percent to 41.7...
25 Nov 2021
Mothercare has reported widening losses and a drop in full-year turnover as the pandemic put a spanner in the works of the maternity and childrenswear specialist’s ongoing transformation strategy. For the year to March 27, the company’s statutory loss widened to 21.5 million pounds from 8.5 million pounds a year earlier, while its turnover fell...
29 Jul 2021
Maternity and babywear specialist Mothercare said Tuesday it expects “a small” profit for the financial year, despite a 40 percent drop in sales. In a pre-closing trading update for the year ended March 27, the company said unaudited net worldwide sales dropped to 326 million pounds, compared to 542 million pounds a year earlier, as the pandemic...
25 May 2021
Mothercare has reported a 4.4 million pound adjusted loss before tax for the first half of the year compared to a profit of 4 million pounds last year. It comes as the maternity and childrenswear specialist nears the end of its major restructuring plan announced in November 2019. The company announced in its half-year results on Thursday that it...
26 Nov 2020
Mothercare has reported a 14.4 million pound profit for the full year ended 28 March, compared to a loss of 97 million pounds the year before. However, total group revenue at the maternity and babywear specialist for the period was down to 164.7 million pounds compared to 199.8 million pounds a year earlier. For the first twenty-eight weeks of...
25 Sep 2020
As announced by the company earlier, baby products retailer Mothercare plc has appointed Zelf Hussain, Toby Banfield, and David Baxendale of PricewaterhouseCoopers LLP as administrators to Mothercare UK and Mothercare Business Services Limited (MBS), with effect from November 5, 2019. Commenting on the development, Clive Whiley, Chairman of...
6 Nov 2019
Struggling baby products retailer Mothercare plc is set to appoint administrators putting several jobs at risk. The company announced through a statement that notices of intent to appoint administrators to Mothercare UK and Mothercare Business Services (MBS), which provides certain services to Mothercare UK, are being filed with the court today....
4 Nov 2019
Maternity and babywear specialist Mothercare has called in advisors from accountancy firm KPMG to discuss options for the company, a move that raises concerns for the future of 2,500 employees across 79 stores. A Mothercare spokesperson said: “Our immediate priority is to complete the transformation of the business with a near-term focus on...
28 Oct 2019
As per recent market estimates, sale of baby and toddler garments in India increased from Rs 5,790 crore in 2016 to Rs 8,950 crore in 2019. This led to many international brands like Gap, Zara, Carter and Mothercare entering India in the past few years. Retailers like Puma India, Myntra and Amazon have launched dedicated infant lines for ages up...
16 Oct 2019
Mothercare Plc, for the 13 week period to January 5, 2019, said UK like-for-like sales declined 11.4 percent, reflecting a combination of the difficult consumer backdrop and the aggressive discounting activity undertaken in the prior year that inflated sales in that period. The company added that online sales in the UK declined 16.3 percent...
9 Jan 2019
Mothercare Plc in its results statement for the first half year ending October 6, 2018, said that adjusted loss before taxation reached 6.2 million pounds (7.9 million dollars) compared to 2.6 million pounds (3.3 million dollars) last year. Group adjusted loss before taxation and foreign currency revaluations was 9.1 million pounds (11.6 million...
22 Nov 2018
The quarterly reshuffle of the UK’s benchmark index comprehended of the 100 largest companies by market capitalisation hasn’t be precisely soothing for the ailing apparel retail sector. Mothercare and Moss Bross have dropped from the FTSE 100 while Marks & Spencer has barely survived this cut. As announced by the London Stock Exchange on May 31...
31 May 2018
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