Mothercare UK sales return to growth thanks to online salesStaff Writer | January 12, 2017
Mothercare returned to sales growth in the UK in the third quarter following a difficult summer trading period.
Retail in Britain Mothercare UK like-for-like sales were up 1%
Total UK sales were up 0.6%, while international sales were down around 6% at constant currency and up around 13% at actual currency, reflecting ongoing currency tailwinds. China and Russia returned to growth, while the Middle East remained challenging.
Mothercare opened 40 stores and closed 28, ending the quarter with 1,351.
CEO Mark Newton-Jones said: "Overall Group performance remains in line with market expectations.
"The UK returned to growth following the challenging summer trading period. We maintained our focus on product improvement and full price sales while prudent stock management allowed us to enter the end-of-season-sale after peak trading with less stock than last year. Margin remains within our guidance for the full year." ■