Mothercare
This coverage focuses on Mothercareโs 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 retailerโs efforts to remain relevant in the parenting and nursery goods market โ supporting executives, managers, and professionals monitoring family-focused retail.
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Nov- 2019 -6 NovemberHigh Street
2800 jobs affected as Mothercare ceases UK trading
Mothercare has announced it is to cease all trading within the UK, putting a potential 2800 jobs at risk.ย Operating stores will close over the coming weeks and months, with the potential loss of 2485 retail jobs and 384 head office positions. Further losses will be seen at warehouses and…
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4 NovemberEconomy
Mothercare to appoint administrators, placing 2,500 jobs at risk
Mothercare has announced that it will appoint administrators, less than 18 months since it launched a CVA. The children’s company, which operates 79 high street stores across the UK, said it will file a notice of intent today, placing 2,500 jobs at risk. It is believed that only 500 full…
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Oct- 2019 -28 OctoberHigh Street
Mothercare appoints KPMG as advisers
Mothercare has appointed โBig Fourโ accountancy firm KPMG as advisers to help assess its options for its embattled retail business. According to the Times, the decision comes as its chief executive Mark Newton-Jones has previously outlined plans to shift the UK side of the business into an independent franchise model,…
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21 OctoberSport & Leisure
The Entertainer reports 29% increase in profits to ยฃ14.7m
Toy retailer The Entertainer has defied the high-street gloom and reported a 29% increase in pre-tax profits to ยฃ14.7m. According to The Sunday Times, the profit increase was attributed to an increase in sales to ยฃ204.4m, up from ยฃ37.3m the previous. The Entertainer was founded by husband-and-wife team Gary and…
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Jul- 2019 -2 JulyAnalysis
How to make the most of empty retail spaces
Earlier in this month, The Times reported that the number of vacant shops on UK high streets rose by more than 7,500 last year, fuelled in part by store closures from large retailers such as Mothercare, New Look and House of Fraser. Debenhams then announced that it will downsize at…
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Jun- 2019 -17 JuneAdvice
Personalised delivery is the future for retailers
The retail and e-commerce marketplace is extremely crowded, with hundreds of brands constantly competing against each other to win basket conversions. Itโs no secret that many retailers, especially those based on the UK high-streets, have been struggling over the past few years. Big brands including Debenhams, John Lewis and Mothercare…
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May- 2019 -24 MayHigh Street
Mothercare swings to ยฃ87.3m loss in 2018
Mothercare has reported losses before tax of ยฃ87.3m for the year ending 30 March 2019. UK like-for-like sales declined by 8.9% compared with the prior year, which the retailer said was โexacerbatedโ in the first half by reduced consumer confidence in the brand following the group’s refinancing, together with โwider…
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Apr- 2019 -16 AprilClothing & Shoes
Monsoon Accessorize set to close โdozensโ of stores
Womenโs clothing and accessories retailer Monsoon Accessorize is reportedly preparing to enter a CVA which could see it close dozens of its stores. According to Sky News, the company has appointed Deloitte to draw up a CVA to be launched within the next few weeks. The agreement will allow the…
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4 AprilHigh Street
Mothercare sales down 8.8% in Q4
Embattled retailer Mothercare has reported an 8.8% drop in like-for-like sales for the 12 week period to 30 March 2019. Despite the decline, it represents an improvement on the prior two quarters, and was driven by clearance stock volumes in closure stores which diluted gross margins but cleared all inventory…
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Mar- 2019 -28 MarchClothing & Shoes
Arcadia ‘draws up list of 67 store closures’
Arcadia has listed 67 stores it wishes to close across all of its brands, the Financial Times has reported. As seen by the publication, stores of varying sizes across the UK and Ireland with a total annual rent of ยฃ11m are set to be shut. These include Burton, Topshop, Evans,…
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