Mothercare UK sales down 6.4%
Mothercare has announced a 6.4% decline in UK sales in its second quarter. UK like-for-like sales fell by 9.6% as the retailer struggles with difficult trading conditions.
Total group sales, which include those of the fast growing international division, rose by 4.9%. International sales were up 17%.
Commenting on the figures, Ben Gordon, Mothercare chief executive said: "Overall, total group sales increased by 4.9% in the second quarter reflecting a strong international performance and weak trading in the UK."
However, Gordon admitted that trading in the UK had become progressively more challenging and competitive, with performance well below expectations.
He added: "We believe that the outlook for the UK business in the important second half has materially worsened and this is likely to lead to a disappointing performance for the year as a whole."
Mothercare says it expects to open 150 new stores in 2011 while it works to restructure its UK business.
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