MotherCare news and archive

Mothercare expects 'small' full-year profit despite sales drop

Maternity and babywear specialist Mothercare said Tuesday it expects “a small” profit for the financial year, despite a 40 percent drop in sales. In a pre-closing trading update for the year ended March 27, the company said unaudited net worldwide sales dropped to 326 million pounds, compared to 542 million pounds a year earlier, as the pandemic...

Business

Mothercare reports H1 loss, secures 19.5 million pound loan

Mothercare has reported a 4.4 million pound adjusted loss before tax for the first half of the year compared to a profit of 4 million pounds last year. It comes as the maternity and childrenswear specialist nears the end of its major restructuring plan announced in November 2019. The company announced in its half-year results on Thursday that it...

Business

Mothercare swings to full-year profit

Mothercare has reported a 14.4 million pound profit for the full year ended 28 March, compared to a loss of 97 million pounds the year before. However, total group revenue at the maternity and babywear specialist for the period was down to 164.7 million pounds compared to 199.8 million pounds a year earlier. For the first twenty-eight weeks of...

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Business

Mothercare's UK business falls into administration

As announced by the company earlier, baby products retailer Mothercare plc has appointed Zelf Hussain, Toby Banfield, and David Baxendale of PricewaterhouseCoopers LLP as administrators to Mothercare UK and Mothercare Business Services Limited (MBS), with effect from November 5, 2019. Commenting on the development, Clive Whiley, Chairman of...

Business

Mothercare to appoint administrators for UK business

Struggling baby products retailer Mothercare plc is set to appoint administrators putting several jobs at risk. The company announced through a statement that notices of intent to appoint administrators to Mothercare UK and Mothercare Business Services (MBS), which provides certain services to Mothercare UK, are being filed with the court today....

Business

Mothercare calls in restructuring experts from KPMG

Maternity and babywear specialist Mothercare has called in advisors from accountancy firm KPMG to discuss options for the company, a move that raises concerns for the future of 2,500 employees across 79 stores. A Mothercare spokesperson said: “Our immediate priority is to complete the transformation of the business with a near-term focus on...

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Business|ANALYSIS

Mothercare and Moss Bross drop from FTSE 100

The quarterly reshuffle of the UK’s benchmark index comprehended of the 100 largest companies by market capitalisation hasn’t be precisely soothing for the ailing apparel retail sector. Mothercare and Moss Bross have dropped from the FTSE 100 while Marks & Spencer has barely survived this cut. As announced by the London Stock Exchange on May 31...

Business

Is Sainsbury’s eyeing Mothercare?

British supermarket chain Sainsbury’s is reported to be interested in taking over fellow UK retailer Mothercare. Conversations might have stalled short of making an offer. Saisnbury’s is understood to have studied making a takeover offer to baby and maternity apparel retailer Mothercare, reports the ‘Mail Online’. According to people familiar...

Business

Mothercare confirms talks with lenders "progressing constructively"

Further to the announcement on 2 March 2018, Mothercare Plc has confirmed that the discussions with its lenders on the terms of its existing financial facilities are progressing constructively. The company expects these discussions to conclude before its preliminary results announcement on May 17, 2018. The company also stated that Mothercare's...

Business

New Look, Mothercare, and Debenhams, on rising debt 'warning zone'

Nearly 400 retailers, including big high street chains and heavy weights of British high street fashion names such as New Look, Mothercare, and Debenhams, could struggle to meet higher interest payments this year. A study by Company Watch of 1,600 retailers with assets of at least 5 million pounds has identified 392 in its “warning area”,...

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Retail

Capgemini names retail trends for 2017

London - What can retailers expect this year? Well, according to consulting, technology and outsourcing agency Capgemini the four key trends will be ‘the rebirth of loyalty’, ‘the Internet of Things’, ‘virtual reality’ and ‘biometric recognition’. Bhavesh Unadkat, management consultant in retail customer engagement design at Capgemini said: “...

Fashion

Ripe Maternity launches at Mothercare UK

Ripe Maternity, Australia’s leading maternity and nursing brand, is launching with UK mother and baby retailer Mothercare. The Australian brand is set to introduce its Spring/Summer 2016 to Mothercare stores across the country as well as it online store on Thursday, February 11, marking the brand's official UK debut. “2016 marks the 20 year...