Mothercare meltdown - News Summed Up

Mothercare meltdown


Celebrity mother of two Myleene Klass has her own children’s range Baby K sold through Mothercare stores SOLENT NEWS/REX FEATURESMothercare is braced for a chilling half-year profit report as it struggles to revive its fortunes amid a downturn on the high street. The retailer, which has 170 stores under the Mothercare and Early Learning Centre brands, is expected to report a 43% fall in pre-tax profits from £7m to £4m when it delivers interim results on Thursday. Its share price has halved since the start of the year due to fears over its trading in overseas markets. A trading update in July reported that international sales had picked up after a plunge in the first three months of the year. Like-for-like sales at its UK stores rose by 1.2%.


Source: The Times November 19, 2016 23:59 UTC



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