Sales rise at Mothercare
Group sales for the 13 weeks to 6 January 2006 were up 4.1%, and for the 41 weeks to 6 January, up 3.3%.
For the 13 week period to 6 January 2006, total UK sales increased by 2.3% compared to the same period last year, with UK store like-for-like sales up by 0.7%. Winter sale and end of season stock clearance are proceeding in line with the company’s plan.
Gross margins are anticipated to be in line with expectations. Mothercare said it expects the overall market to remain challenging in the coming months and whilst trading performance has been satisfactory to date, they face continuing pressure from rises in occupancy, employee and utility costs. Ben Gordon, Chief Executive said ‘This is an encouraging trading performance and reflects the benefits of the actions we have taken and Mothercare’s position as a specialist retailer. We have started our UK winter sale in line with plan and are managing our seasonal stocks well. Our international expansion continues with a further 10 new stores expected to open before the year end.’
