NEWS

Mothercare sales drop 3%

Published on: 12th January 2012

Like for like sales across Mothercare’s UK stores were down 3% in the 13 weeks to January 7 as it continued to battle supermarket and online retailers.

The figure is better than the 7% decrease reported in August and included a 5% increase in December, although this performance was helped by comparisons with the cold snap the previous Christmas.

Total global sales were down by 1.2% despite a 3% increase in its worldwide network. Mothercare has 1,000 stores outside the UK.

The update is unlikely to relieve the pressure on the UK business following a poor 2011, which saw it place its entire UK business under review after half-year losses of more than £80 million and the departure of chief executive Ben Gordon.

Executive chairman Alan Parker said: “In the UK, the better like-for-like sales performance was achieved in an increasingly competitive consumer environment.

“Additional promotional activity was successful in driving a 5% like-for-like sales increase in December.”

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