Find in the news:
BY COUNTRY

Mothercare profits and sales boosted



Mothercare, the baby goods retailer, has experienced a boost in its profits and sales after holding off the launch of their Christmas sales.


The retailer reported that holding off their festive sales until Boxing Day has resulted in the stabilization of the overall business. The group has faced several disastrous years, as competition grows.


The company owns the Early Learning Center chain and stated that for the 13-week period ending January 10, like-for-like sales increased by 1.1%. This comes in spite of a store closure event which reduced their sales space by 4.2%. Overall sales indicated a 1.9% decline in UK revenues.


Over the same period, global sales, a combination of wholesale income, international retail and UK sales, increased by 2.2%. Total group sales, which is a total of UK sales, international partner receipts, including royalties, and cost of goods delivered to franchise partners, declined by 2.9%.


Chief executive, Mark Newton-Jones, launched a rights issue to fund IT improvements, debt reduction, refurbishments and store closures, in a bid to secure the future of the company.


He stated that the trading update is in line with their plans. He added that in the UK the company continued the reduction of promotional activities and held off on their end of season sale until Boxing Day, when they had less stock available. The actions that they have taken have resulted in the re-establishment of Mothercare as a full price retailer and have stabilized their margin.


Internationally, the group has seen growth in all regions, in spite of the uncertainly in certain markets.


The company’s online stores have shown good growth over the 13-week period, with an increase of 16.1%. Online sales now account for 31.8% of the overall UK sales.


The company’s shares increased by almost 3% during early trading, but later fell back to 1.1%.

Related shopping malls and stores:

More about shopping malls in the United Kingdom



YESTERDAY, USA:
Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
YESTERDAY, USA:
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Feb 19, 2021, USA:
U.S. real estate owner Tanger Factory says all of its owned malls are back to pre-pandemic levels.
Feb 19, 2021, USA:
The company intends to expand its streaming capabilities and go global.
Feb 18, 2021, Japan:
Fast Retailing reached a market capitalization of $103 billion, making it the industry's market leader.
Feb 18, 2021, France:
France's largest mall owner Klepierre reported a 25% drop in net rental income in 2020.
Friend
and Follow
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us