Mothercare sees first profit in five years as UK business enjoys 3.6 per cent growth

Infant and baby products retailer Mothercare has reported its first profit in five years thanks to an up lift in online trading.

The retailer has seen pre-tax profit for the year to March 26th jump to £9.7 million compared to a loss of £13.1 million last year.

While UK like-for-like sales increased by 3.6 per cent with online sales rising 15 per cent on the previous year, the BBC highlights that Mothercare’s UK business still reported an underlying loss of £6.4 million compared with a deficit of £18 million last year.

“The results highlight the significant progress we are making towards returning the UK to profitability,” said Mothercare chief executive, Mark Newton-Jones.

“The look and feel of the store estate are driving like-for-like sales growth for a second consecutive year.”

The company has said that nearly 40 per cent of its UK stores have ow been revamped, a driving force for the company’s UK growth.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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