Mothercare
This coverage focuses on Mothercare’s business activities and strategy within the UK retail sector, including store operations, brand repositioning, licensing arrangements, and financial developments. Reporting provides insights into management decisions, market challenges, and the retailer’s efforts to remain relevant in the parenting and nursery goods market — supporting executives, managers, and professionals monitoring family-focused retail.
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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Sep- 2022 -15 SeptemberHigh Street
Mothercare profits hit £12m in FY22
Mothercare has revealed that the group’s profit for the 52 weeks to 26 March 2022 reached £12.1m, compared to its loss of £21.5m in the previous financial year. The group has also reported that its international retail sales reached £385.3m, which is just under last year’s total of £358.6m. The…
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Apr- 2022 -11 AprilClothing & Shoes
Mothercare ups guidance but warns on impact of Russian closures
Mothercare has announced that EBITDA is now expected to be in the range of £11.5m to £12m for the year ended 26 March 2022, ahead of analysts’ expectations, despite warning of the effects of the closure of its business in Russia. The anticipated higher earnings are reportedly due to a…
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Mar- 2022 -9 MarchClothing & Shoes
Mothercare joins retailers in suspending Russian business
Mothercare has announced that all business in Russia, including the shipment of all its products has been suspended in the wake of the ongoing Ukraine crisis. It comes as major retailers and businesses around the world have all joined in boycotting Russian business in a bid to put increased pressure…
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Nov- 2021 -25 NovemberClothing & Shoes
Mothercare swings to profit in half-year results
Mothercare has welcomed a return to profit in its latest half-year results, reporting a pre-tax profit of £3.6m in the period ended 25 September 2021, up from a loss of £13.2m the prior year. It comes as the group said it had put initiatives in place to help improve its…
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Jul- 2021 -29 JulyHigh Street
Mothercare losses widen to £21.4m
Mothercare has reported a wider pre-tax loss of £21.4m for the full-year ended 27 March 2021. Turnover also plummeted 47.9% to £85.8m, down from £164.7m the previous year, largely due to the continued impact of Covid-19 on trade in the key markets of Russia, India, Indonesia and Malaysia. Looking ahead,…
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May- 2021 -25 MayHigh Street
Mothercare sales plunge 40% in FY21
Mothercare has revealed that sales in its unaudited full-year results are set to plunge 40% to £326m, reflecting the impact of the pandemic on the global markets in which its franchisees operate. The group said the impact of Covid-19 has “varied enormously” by market as countries have addressed the pandemic…
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Mar- 2021 -12 MarchClothing & Shoes
Mothercare to float on junior stock market
Mothercare has announced its intentions to float on admission (AIM) on the junior stock market at £0.01 per ordinary share. Following this move, the company stated that its admission of the ordinary shares on the main market of the London stock exchange and to the premium listing segment of the…
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Aug- 2020 -20 AugustHealth & Beauty
Mothercare unveils new business model
Mothercare has announced the launch of a “more sustainable and less capital-intensive” business model going forward. The new model comes into effect from the Autumn/Winter 2020 season, and follows “constructive” discussions with its international franchise and manufacturing partners. The discussions were held in a bid to modernise the business and…
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Jun- 2020 -22 JuneHigh Street
Mothercare seeks new lenders amid franchising plans
Mothercare has confirmed it remains “on track” to become a “profitable” international franchise operation, with plans to operate in around 40 international territories. In its latest update, the retailer confirmed that discussions are ongoing with existing franchise partners in efforts to “establish a more sustainable and less capital-intensive business” going…
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