Retailer Mothercare has revealed UK sales tumbled 8.8% in its fourth quarter and warned that trading conditions are set to remain “challenging”. Retailer Mothercare has revealed UK sales tumbled 8.8% in its fourth quarter and warned that trading conditions are set to remain “challenging”. It added that the clearance sales had “significantly” hit online sales. Mothercare also revealed total UK sales tumbled 14.5% in the quarter after Mothercare swung the axe on 40 stores over the past three months. Group-wide sales were 8.8% lower overall in the quarter, leaving worldwide sales 9.6% down for the full year.

Source: Irish Independent April 04, 2019 07:18 UTC