You are here: News / Mothercare sales up by 20.7 per cent
Thursday July 17th 2008
Mothercare sales up by 20.7 per cent
Archived article dated Thursday July 17th 2008
International franchisee retail sales up 50.4 per cent.
Total UK sales were up 19.5 per cent, down 1.3% on a proforma basis due to the planned reduction of space from the implementation of the groups property strategy. International franchisee like-for-like sales grew 9 per cent while international franchisee retail sales increased by 50.4 per cent.
Ian Peacock, Chairman said: 'We are pleased to report a positive first quarter performance for the Mothercare group, reflecting the strength of the Mothercare and Early Learning Centre brands in the UK and around the world. 'The multi-channel UK business has shown resilience in a slow economic environment, strengthened by the successful Direct operations. The integration of the Early Learning Centre and the reshaping of the combined property portfolio are both progressing well. The International business goes from strength to strength, driven by strong franchisee like-for-like sales and 32 new store openings, including the opening of our first store in China in the quarter.'
Tagged as: mothercare | early learning centre
Share this article:
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
