Retail news
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Mothercare future under review
- Posted:
- 17 November 2011 10:21
Ailing retailer Mothercare has put its entire UK business under review after revealing half-year losses of more than £80 million today, which it says illustrate "the extent of the challenges facing the business in a weak economic and consumer environment."The group, which has 353 UK stores and 969 overseas, has ...read more
Ben Gordon to quit as Mothercare boss
- Posted:
- 12 October 2011 09:52
After nine years in the job, the boss of Mothercare is to step down following a prolonged period of difficult trading culminating in a dire sales update that triggered a 35% slump in the company's share price.Chief executive Ben Gordon will leave on November 17th by "mutual consent", Mothercare said, ...read more
UK outlook has "materially worsened" for Mothercare
- Posted:
- 05 October 2011 10:39
Mother-and-baby specialist Mothercare has said today that the outlook for its second half of trading in the UK has "materially worsened" following another set of disappointing trading figures.Group-wide the retailer's performance was positive, with worldwide network sales up 4.5% and total group sales up 4.9% in the 12 weeks to ...read more
Mothercare prepares for 50th birthday
- Posted:
- 21 September 2011 09:41
High street retailer Mothercare will mark a rare achievement in the UK retail sector this week as it passes its 50th anniversary.The mothers-to-be, babies and children's goods retailer was founded by Iraqi-born entrepreneur Selim Zilkha, with its first store opening in Surrey in 1961, and now has 1,289 stores in ...read more
Retail sales disappoint
- Posted:
- 19 August 2011 11:23
The struggle on the high street was underlined today as official figures revealed a greater-than-expected slowdown in retail sales.Retail sales volumes increased month-on-month by 0.2% in July, compared to a revised 0.8% boost in June, the Office for National Statistics (ONS) said. Economists had expected a 0.4% rise.Household good stores, ...read more
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