THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Mothercare swings to profit

Mothercare has swung to a pre-tax profit in the first half of its financial year after actions taken to transform the group in recent years paid… View Article

GENERAL MERCHANDISE NEWS

Mothercare swings to profit

Mothercare has swung to a pre-tax profit in the first half of its financial year after actions taken to transform the group in recent years paid off.

The group posted a pre-tax profit of £3.6 million in the six months to 25 September compared to a loss of £13.2 million in the prior year.

Adjusted EBITDA came in at £5.6 million compared to a loss of £0.1 million a year earlier.

Meanwhile, Mothercare said its turnover declined to £41,7 million from a previous £44.4 million after Covid-19 had a significant impact on its business throughout the world. At the half year end, it still had just over 10% of partners’ global stores closed.

Looking ahead, the group said it has a strong order book from franchise partners for the autumn/winter 2022 season.

Clive Whiley, chairman of Mothercare, said: “I am pleased to announce results that demonstrate we are moving closer to unlocking the true underlying potential of Mothercare, reflecting the strong foundations we have created for the business over recent years, despite the impact that Covid-19 still has had over the period.

“With positive feedback to our new product ranges, and a lean operating structure, we enter the second half with growing confidence for our future prospects.“

Subscribe For Retail News