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

May 22, 2020, USA:
The British retailer said that the demand for home clothing, sleepwear and bras has increased, but office suits have become less in demand.
May 22, 2020, USA:
Victoria’s Secret to close about 250 stores in the U.S. and Canada, Bath & Body Works to close 50.
May 20, 2020, Slovenia:
SES Spar European Shopping Centers opened ALEJA Center in Ljubljana on Wednesday, 20 May 2020.
May 19, 2020, Italy:
Shops in downtown Rome, Milan, and other top locations remain closed despite the lifting of restrictions.
May 19, 2020, USA:
According to a study by FTI Consulting, more than a third of Americans have stopped buying goods from China.
May 18, 2020, USA:
Swedish company Ingka Centres has already entered into negotiations for the acquisition of central facilities in major US cities.
Friend
and Follow
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


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