NEWS

Mothercare UK sales return to growth

Published on: 17th January 2017

The company has reported an increase in like-for-like sales over the Christmas period. 

Mothercare-480Mothercare has reported a like-for-like sales increase in the UK over Christmas, returning to growth. This follows what the retailer called a “challenging summer trading period”.

In its latest trading update for the 13 weeks to 7 January 2017, the retailer revealed total UK sales were up 0.6%.

UK like-for-like sales were up 1% during the quarter, with online sales making up 5.5% of sales growth. Online sales now represent approximately 40% of all UK sales.

Mark Newton-Jones, chief executive of Mothercare, said: “The UK returned to growth following the challenging summer trading period. We maintained our focus on product improvement and full price sales while prudent stock management allowed us to enter the end-of-season-sale after peak trading with less stock than last year. Margin remains within our guidance for the full year.”

International retail sales were down approximately 6% in constant currency and up approximately 13% in actual currency reflecting ongoing currency tailwinds. Underlying performance continued to be mixed in spite of many markets returning to growth. China and Russia improved, while the Middle East remained challenging.

Newton-Jones added: “We are working closely with our international partners to modernise their businesses while at the same time see many opportunities in both new and existing markets around the world.”

Mothercare opened 40 stores and closed 28, ending the quarter with 1,351 stores.

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