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Steady growth for Mothercare - ToyNews

Steady growth for Mothercare

Mothercare has posted healthy full-year results with sales up more than five per cent over the 12-month period.
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UK like-for-like sales slipped 0.3 per cent in the 11 weeks to March 31st but were up for the year.

Group sales for the period rose 4.4 per cent and 5.1 per cent for the year. Total like-for-like sales were up 1.6 per cent for the year with Direct in Home sales up 11 per cent in the fourth quarter and up 15 per cent for the year as a whole. International sales for the 11 weeks were up by 28 per cent.

Mothercare chief executive, Ben Gordon, said: "Mothercare has delivered a solid fourth quarter and full year sales performance, with sales growth of 5.1 per cent for the year despite a tough trading environment in the second half. UK store like-for-like sales were up 0.8 per cent for the year, and up 1.6 per cent including our Direct business which itself grew by 15 per cent. In the year. Our International franchise business continues to grow rapidly with sales up 30 per cent for the full year driven by strong like-for-like sales and 62 new store openings."

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