Mothercare business "on a firmer footing" for 2013

"We can look ahead to the new year with confidence," says chief exec Simon Calver.
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Mothercare's total group sales dropped six per cent in 2012, but the retailer's transformation plan means its business "is on a firmer footing".

The company closed 56 loss-making stores in the UK last year. 

Total sales in the UK fell 9.2 per cent during the 52 weeks ending March 30th, 2013, while like-for-like sales fell 3.6 per cent.

During Q4, like-for-like UK sales were flat, while total sales dipped 5.1 per cent.

International sales rose 11.8 per cent throughout the year, and 15.5 per cent during Q4. 

Direct in Home e-commerce sales increased four per cent during 2012, and 18.2 per cent in Q4.

Chief executive Simon Calver says he is looking ahead with confidence.

"Mothercare has continued to make progress both in the UK and across its international businesses," he said.

"We are just 12 months into our three-year transformation and growth plan and while we still have much to do, our business is already on a firmer footing.

"Matt Smith joined us as Chief Financial Officer two weeks ago and I am pleased to say that our executive team is now complete. 

"So despite our continuing caution with regards to the outlook for consumer spending in the UK and the Eurozone, we can look ahead to the new year with confidence."

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