UK: Mothercare Recovery Continues With Q1 Sales Up 4.8%
Evidence that Mothercare's turnaround is continuing was presented yesterday when the company announced a 4.8 per cent increase in first-quarter same-store sales.
The high street chain selling babycare and clothing said trading so far in the financial year was in line with expectations.
Speaking at the company's annual meeting, chairman Ian Peacock said: "Gross margin continues to be satisfactory with five weeks remaining of our summer sale."
He added: "Our turnaround programme is proceeding to plan. In particular, our high-street refit programme has made further progress and we now have 63 stores refitted, of 162 stores."
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