Mothercare to shut all UK stores as it refocuses on international business
6th Nov 2019 11:29
(Sharecast News) - Shares in Mothercare kicked upwards on Wednesday after the stricken retailer announced a series of restructuring measures.
Read moreMothercare to appoint administrators for UK business
4th Nov 2019 09:05
(Sharecast News) - Mothercare shares sank on Monday after the retailer said it was appointing administrators for its UK high street chain, putting 2,500 jobs at risk.
Read moreMothercare delays FY results by a day
23rd May 2019 09:53
(Sharecast News) - Mothercare has delayed the release of its full-year results by a day to Friday, but said it continues to expect underlying results to be in line with market expectations.
Read moreMothercare shares slide as sales continue to fall
4th Apr 2019 09:15
(Sharecast News) - Struggling specialist infants and young children-focussed retailer Mothercare was still performing in line with its full-year guidance in its fourth quarter, it said in a trading update on Thursday, with UK like-for-like sales down 8.8% year-on-year in the period, and down 10.8% for the full-year.
Read moreMothercare to sell ELC for £13.5m, says transformation plan on track
12th Mar 2019 09:42
(Sharecast News) - Mothercare said on Tuesday that it has agreed to sell Early Learning Centre to TEAL Group Holdings, - the owner of The Entertainer toy shops - for £13.5m in cash, as it confirmed that its transformation plans are on track.
Read moreMothercare's sales continue to dive as restructuring plan finds its feet
9th Jan 2019 10:16
(Sharecast News) - Beleaguered mother and baby products retailer Mothercare reported sliding third-quarter sales amid a "difficult" consumer backdrop over the festive period.
Read moreMothercare blames negative press coverage as losses widen
22nd Nov 2018 10:06
(Sharecast News) - Loses at Mothercare widened in the first half as the mother and child retailer said negative press coverage had hit sales in the UK, although the international business was showing signs of recovery.
Read moreMothercare UK sales return to growth thanks to online
12th Jan 2017 08:56
(ShareCast News) - Mothercare returned to sales growth in the UK in the third quarter following a difficult summer trading period. In the 13 weeks to 7 January, UK like-for-like sales were up 1% as online sales - which now represent around 40% of UK sales - grew 5.5%. Total UK sales were up 0.6%, w
Read moreMothercare swings to loss on weather, warehouse changes
24th Nov 2016 09:36
(ShareCast News) - Mothercare swung to a loss in the 28 weeks to 8 October as the retailer's sales were hit by unseasonal weather and changes to its warehouse infrastructure. The company reported a pre-tax loss after exceptional items and non-underlying items of £800,000 from a profit of £5.8m the y
Read moreEarly Ramadan carries Mothercare in first quarter
14th Jul 2016 10:43
(ShareCast News) - Parents and young children-focused retailer Mothercare issued a trading update for its first quarter on Thursday, with UK like-for-like sales up 1.2% as the end-of season sale was brought forward by one week to clear stock, following adverse weather in the quarter. The London-list
Read moreMothercare makes progress on returning UK operation to profitability
19th May 2016 11:44
(ShareCast News) - Shares in Mothercare were up more than 4% as it flagged significant progress towards returning its UK operation to profitability. The group booked a full-year underlying pre-tax profit of £19.6 million, up 50.8% from the prior year's profit of £13.9 million. There was no dividend.
Read moreBerenberg downgrades Mothercare on international weakness
15th Apr 2016 08:57
(ShareCast News) - Berenberg downgraded Mothercare to 'sell' from 'hold' and slashed the price target to 130p from 250p following the company's update on Thursday. The bank said the fourth quarter trading statement was downbeat, highlighting a material slowdown in the international division. In the
Read moreMothercare tumbles as it highlights weakness in international business
14th Apr 2016 10:31
(ShareCast News) - Shares in Mothercare tumbled as the retailer highlighted difficulties in its international business. In the 11 week period to 26 March, International retail sales were down 9.7% at constant currency, with sales in actual currency down 10.8%. In the Middle East, consumer sentiment
Read morePeel Hunt upgrades Mothercare to 'buy' despite forex hitting forecast
23rd Mar 2016 11:07
(ShareCast News) - Peel Hunt upgraded its rating on Mothercare to 'buy' from 'hold' and set a target price of 275p that offers more than 45% upside to the shares' last close. The broker acknowledged the irony of Mothercare's UK business crawling back on track to return to profitability next year, co
Read moreMothercare total sales slide but UK gets online boost
14th Jan 2016 10:34
(ShareCast News) - Total group sales at Mothercare fell in the third quarter, as weakness in the international business failed to offset an improving UK performance. The retailer, which caters for parents and young children, said total group sales in the 13-week period to 9 January fell 5.4% year-on
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