Mothercare looks to ‘rebuild’ at scale after first half sales decline
Mothercare has reported a drop in first half sales as it looks ahead to “rebuilding at scale” in the UK and globally.
In the six months to 27 September, total retail sales by franchise partners fell by 25% to £90.7 million following store closures in the company’s Middle Eastern markets and a planned exit from Boots.
On a like-for-like basis retail sales were down 6% year-on-year.
Mothercare posted a group adjusted loss from operations of £0.5 million for the period compared to a profit of £1.1 million at the same time last year.
Meanwhile. adjusted EBITDA declined to £0.8 million from a previous £1.7 million.
Clive Whiley, chairman of Mothercare, said: “Mothercare is making good progress against our strategic priorities. After the strategic and operational challenges of the last few years, our performance in the first half shows that Mothercare has been stabilised as a smaller and cash generative business with greatly reduced debt.
“From this position of relative strength our key focus for 2026 is to pursue options to rebuild our scale and operations both in the UK and globally, alongside pursuing the refinancing of our existing debt financing facilities. This is an exciting prospect for our partners, our colleagues and all our stakeholders as we look towards the new year and those opportunities ahead.”
