Mothercare more than doubles its half-year profit

Published on: 19th November 2015

Mothercare’s half-year profit more than doubled on Thursday, as the British business’ turnaround plan started to make progress.

Mothercare-480Showing strong UK margin growth, the retailer reported that its underlying profit before tax rose 112% to £7m in the six months to 10th October.

It also revealed that sales at UK stores open over a year rose 3.8%, with total UK sales up 0.4% to £236.6m. The division more than halved its loss to £6.1m.

However, underlying profit for its international business fell 14.2% to £21.7m on adverse currency moves.




Breaking news: New Lego NYC store unveils groundbreaking retail innovation


Wicked Uncle accuses Amazon of ‘unfairly’ improving its organic search results

Baby born marks 30 years with National Best Friend Day campaign

University Games moves offices to Hertfordshire

New pre-school series Milo debuts on Milkshake! to great success

PlayMonster expands creative portfolio with acquisition of Ann Williams Group

Amazon under renewed fire over destruction of unsold stock

All UK Disney Stores except flagship rumoured to be closing

UK retail supply chain needs more drivers and warehouses

Kidicraft welcomes Katy Greenwood as company expands