Watchlist
Child specialist retailer Mothercare has seen its total pretax loss for the full year widen to £87.3m from a restated £72.8m loss in 2018 as the company embarked on a restructuring program. Group revenue dropped 13.5% to £566.3m. On a like-for-like basis, sales for the international business were down 4.7% versus a drop of 8.9% for the UK. CEO Mark Newton-Jones said the majority of the restructuring work was completed with 79 stores still in operation. He said the focus was to develop their business online, adding that Mothercare had seen improving UK trends in the early stages of the financial year.
info
Login or register to post comments