Mothercare Plc

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Mothercare to close all UK stores putting 2,800 jobs at risk Michelle Russell | 6 Nov 19

Mother and baby products retailer Mothercare is to close all 79 of its UK stores and shift its focus to its international business, with the potential loss of around 2,800 jobs.


Mothercare to appoint administrators for UK business Beth Wright | 4 Nov 19

Mother and baby products retailer Mothercare has announced it will appoint administrators to its UK business in a move it says marks a "necessary step" in the restructuring and refinancing of the group.


Mothercare hires restructuring experts Hannah Abdulla | 28 Oct 19

Mother and baby products retailer Mothercare has confirmed it has hired restructuring experts KPMG as it looks to put the business back on a positive footing.


Mothercare to franchise UK stores amid falling sales Beth Wright | 26 Jul 19

An unscheduled trading update from Mothercare this morning (26 July) saw shares in the UK-based mother, baby and children's goods retailer tumble 11% as it warned of slower than expected UK margin recovery and falling first quarter sales.


Mothercare widens FY loss amid sourcing overhaul Beth Wright | 24 May 19

Losses have continued to mount at UK-based mother, baby and children's goods retailer Mothercare amid declining sales and costs incurred during major restructuring activity.


More work required at Mothercare as Q4 sales tumble Beth Wright | 4 Apr 19

Mothercare CEO Mark Newton-Jones has hailed "significant progress" in the UK-based mother, baby and children's goods retailer's final quarter, yet one analyst says more work is still to be done as both UK total and like-for-like continue to fall.


Mothercare offloads Early Learning Centre business Hannah Abdulla | 13 Mar 19

Struggling UK maternity and babywear retailer Mothercare is offloading its Early Learning Centre business in a bid to focus on its core offering and return to profitable growth.


Mothercare sales dip again with online taking big hit Hannah Abdulla | 9 Jan 19

Third quarter sales have again plummeted at UK based mother-and-baby retailer Mothercare, with lower levels of discounting being blamed for the fall as well as challenging trading conditions.


Latest Mothercare shakeup puts 150 jobs at risk Hannah Abdulla | 31 Oct 18

Beleaguered UK retailer Mothercare has confirmed 150 jobs are at risk as it embarks on a cost-cutting drive to future-proof its business.


Digital and international key to Mothercare future Michelle Russell | 11 Sep 18

Mothercare needs to focus on further investment in digital and development of international online sales if it is to convince shoppers it is the leading global specialist for parents and young children, analysts say.


Mothercare refinancing plan gets green light Beth Wright | 27 Jul 18

Mothercare has received the green light on the next stage of its rescue plan, with investors approving a move to raise an additional GBP32.5m (US$42.6m) through the placing of new shares.


Mothercare to shutter ten more stores Beth Wright | 9 Jul 18

Ailing UK-based mother, baby and children's goods retailer Mothercare has announced it will now shutter 60 stores – ten more than previously announced - as part of its rescue plan, and placed its Children's World subsidiary into administration.


Mothercare gets go-ahead for store closures under CVA Michelle Russell | 4 Jun 18

Ailing UK-based mother, baby and children's goods retailer Mothercare has had its company voluntary arrangement (CVA) proposals approved by its creditors, giving the firm the green light to go ahead with its planned 50 store closures.


Mothercare posts GBP72.8m full-year loss Beth Wright | 18 May 18

Ailing UK-based mother, baby and children's goods retailer Mothercare has posted what one analyst called a "disastrous" set of full-year results, adding it is "no wonder" the company has had to resort to a drastic restructuring plan.


Former Mothercare CEO returns under restructuring Michelle Russell | 17 May 18

Mothercare is to close 50 stores and bring back former CEO Mark Newton-Jones under a new rescue plan aimed at securing the financial footing of the ailing mother, baby and children's goods retailer.


Mothercare silent over new financing talks Michelle Russell | 30 Apr 18

Ailing UK-based mother, baby and children's goods retailer Mothercare has declined to comment on reports it has appointed investment bank Rothschild to explore new financing options, as its seeks to secure a rescue deal.


Mothercare sales tumble despite online growth Michelle Russell | 12 Apr 18

Ailing UK-based mother, baby and children's goods retailer Mothercare has booked a drop in UK sales on the back of lower footfall as it remains in dialogue with lenders over refinancing.


Mothercare to close up to one-third of store network Michelle Russell | 9 Apr 18

Ailing UK-based mother, baby and children's goods retailer Mothercare is considering closing a chunk of loss-making stores and cutting rents to battle challenging high street conditions.


Mothercare in talks with banks amid profit warning Beth Wright | 5 Mar 18

Shares in Mothercare remained down by more than 4% this morning (5 March) following the news the UK mother, baby and children's goods retailer may breach its lending agreements and expects full-year profits to be at the lower end of its guidance.


Mothercare shares tumble amid profit warning Beth Wright | 8 Jan 18

Shares in Mothercare tumbled more than 25% this morning as the UK mother, baby and children's goods retailer issued a profit warning on the back of a sales slump over the key Christmas trading period.


Mothercare shares tumble more than 16% amid H1 loss Beth Wright | 23 Nov 17

Mothercare has revealed plans to stop selling clothing for older children in its domestic markets next year as the group moved to a loss in the first-half as its turnaround efforts and failure to take-off in the Middle East took its toll in the period.


Mothercare Q1 sales dented by Middle East weakness Hannah Abdulla | 20 Jul 17

Mothercare has reported growth in first quarter like-for-like sales in its UK business, but failure to take-off in the Middle East has weighed on the group's overall results.


UK plus-size market a retail growth opportunity Michelle Russell | 1 Jun 17

Retailers must continue to invest in plus-size clothing, as research finds that one in every five pounds spent on womenswear this year will be spent on plus-size garments.


Mothercare returns to UK growth but store closures planned Beth Wright | 18 May 17

Mother and baby products retailer Mothercare Plc has booked its first underlying profit for the first time in six years but said it will continue to close UK stores as it enters the second phase of its turnaround strategy. 


Mothercare finance chief Smothers resigns Michelle Russell | 11 May 17

Richard Smothers, the chief financial officer for UK mother and baby products retailer Mothercare, has announced his intention to step down.


Mothercare Q4 sales tumble on international weakness Michelle Russell | 6 Apr 17

Mother and baby products retailer Mothercare Plc has booked a drop in group sales in its fourth-quarter on the back of weak international revenues, which offset UK sales growth.


Mothercare turnaround efforts result in "pleasing" Q3 Beth Wright | 12 Jan 17

Mothercare has reported what analysts say is a "pleasing update" for its third-quarter, as the company continues to reap the rewards in the UK from its turnaround strategy.


Mothercare feels effects of "difficult" first-half Beth Wright | 24 Nov 16

Mothercare says it felt the effects of a difficult first-half as poor weather resulted in lower sales, higher stocks and more discounting, with like-for-like sales dipping into negatives.


Apparel brands "ignoring" refugee abuse in Turkey factories Michelle Russell | 25 Oct 16

The majority of large apparel brands are ignoring the "endemic" abuse of Syrian refugees in Turkish clothing factories supplying European retailers, a new report has found. 


Mothercare books first profit in five years Beth Wright | 19 May 16

Mothercare has reported its first profit in five years as its UK turnaround continues to make progress.

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