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Mothercare Posts FY Profit After Tax 14.4 Million Stg
Mothercare Says Launched More Sustainable & Less Capital-Intensive Business Model
Mothercare In Talks With Prospective Creditors On New Facilities
Mothercare plc is a retailer for parents and young children. The principal activity of the Company is to operate as a specialist omni-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands. The Company's operating segments include the UK business and the International business. The UK business segment includes the United Kingdom store and wholesale operations, catalogue and Web sales. The International business segment includes the Company's franchise and wholesale revenues outside the United Kingdom. Its clothing and footwear product includes ranges for babies, children and maternity wear; home and travel includes pushchairs, car seats, furniture, bedding, feeding and bathing equipment, and toys are mainly for babies. It operates in the United Kingdom through its stores and direct business, and across the world in over 60 countries through its international network.
Cherry Tree Road
Clive Peter Whiley
Interim Executive Chairman of the Board
Chief Financial Officer, Executive Director
Global Human Resources Director
International Managing Director
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Designer Terence Conran, credited with revolutionising British retail and decor, has died aged 88, the BBC reported on Saturday.
Mothercare's Irish franchise owner placed its 14 baby products stores into liquidation on Friday, becoming one of the first major retail outlets in Ireland to blame the coronavirus lockdown for its demise.
* GLOBAL FRANCHISE PARTNERS FACING CONSIDERABLE CHALLENGES THAT COVID-19 PANDEMIC AND NATIONAL GOVERNMENT RESPONSES PRESENT TO BUSINESSES
Mothercare Plc <MTC.L> said on Friday it had agreed to supply baby care and other products exclusively to Boots UK stores, keeping its goods on British shelves after the collapse of its retail network in its home market.
Mothercare Plc said on Friday Boots UK, owned by U.S.-based Walgreens Boots Alliance, will become its new exclusive franchisee partner and stock the struggling retailer's brand of clothing, home and travel products.
(This December 10 story corrects headline, paragraph four to remove reference to going concern risk)
Mothercare Plc reported lower first-half sales on Tuesday.
Mothercare <MTC.L> is set to close all its British stores with the loss of at least 2,500 jobs after its domestic operations buckled under the weight of the pressures plaguing the retail sector.
London's FTSE 100 joined a global stocks rally on Monday driven by rising hopes of a U.S.-China trade deal, while baby products retailer Mothercare sank to a record low after appointing administrators for its UK operations.
* Interactive graphic on Mothercare's performance here https://tmsnrt.rs/2HWV8dn (Adds details on sector, debt, share price)
Struggling British baby products retailer Mothercare Plc said on Friday its annual underlying pretax profit would not grow as it grapples with an uncertain and volatile home market along with fragile consumer confidence.
Mother-and-baby goods group Mothercare Plc is in talks to sell or franchise its UK store operations, Sky News reported on Thursday.
* Shares rise by as much as 20% (Adds details of restructuring, analyst comment)
Britain's main index firmed on Friday, helped by strong gains in mining heavyweights, while retailer Mothercare jumped after it reported a narrower annual loss and a lower debt burden.
Embattled UK retailer Mothercare Plc racked up another 67 million pounds in pre-tax losses in the year ending 2018 as it completed a programme of store closures that its leadership believes will put the company on a more solid financial footing.
Baby products retailer Mothercare Plc said on Thursday it would delay unveiling full-year results by one day due to the complexity surrounding its restructuring, store closures and divestments. The company's main UK business has been losing money for more than a decade as...
The pace of falls in like-for-like store sales at baby products retailer Mothercare Plc eased slightly in the final quarter of its 2019 fiscal year, but the company said British and international market conditions remained challenging.
Baby products retailer Mothercare Plc said on Thursday that quarterly UK like-for-like sales fell 8 percent and it expects its British and some international market conditions to "remain challenging".
British baby products retailer Mothercare Plc said on Tuesday it plans to sell its educational toy brand ELC to Teal Brands Ltd for 13.5 million pounds ($17.85 million) as it looks to cut debt, sending its shares up 6 percent.
British baby products retailer Mothercare plc said on Tuesday it plans to sell its educational toy brand to Teal Brands Ltd for 13.5 million pounds ($17.85 million) as it looks to cut debt.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.