New formats boost Mothercare
Sales growth across New Year
Mothercare has seen UK store like-for-like sales growth of 4.7 per cent across the 11 weeks to March 27, with total sales up 22 per cent.
In a trading statement on the full year to March 27, the mother-and-baby goods retailer reported a strong recovery implemented under chief executive Ben Gordon, who joined the business in December 2002 at a time when its was struggling with low sales and distribution problems.
Across the full year, total UK store sales are up 3.1 per cent, with like-for-like sales up 5.9 per cent. Mothercare said it high street store refit programme is progressing well, with 35 stores now revamped and performing ahead of the chain as a whole. The Direct home shopping and International businesses also ‘continue to perform well’.
Gordon, said: “We are encouraged with this performance which reflects the improvements we are making, particularly in product quality and availability.
“Going forward comparatives will get tougher, however we remain firmly on track with our plans and will provide a full update on progress at our preliminary results in May.”
