Mothercare Q2 trading update shows international continues to shine

International retail sales up 12.6%, with all four regions delivering positive growth.
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Mothercare is continuing to see double digit growth in international retail sales - although UK like for like sales dipped by 1.9 per cent for the second quarter.

The trading update covers the 13-week and 28-week periods to October 12th, 2013.

Worldwide network sales were up 3.9 per cent, while the group reported sales down 0.5 per cent. International space was up 11.9 per cent year on year with 2.5m sq.ft of retail space.

Internationl retail sales were up 12.6 per cent in constant currency and reported retail sales up 12.4 per cent, with all four regions delivering positive growth.

In the UK, however, like for like sales were down 1.9 per cent and space was reduced by 6.0 per cent year on year, as a further five loss making stores closed during the quarter.

Simon Calver, chief executive of Mothercare, commented: "We have delivered another quarter of growth in worldwide network sales. We now operate from 1,393 stores across 60 markets.

"As planned, during the quarter we closed a further five loss making stores in the UK, and year on year increased space by 11.9 per cent across our international markets.

"We continue to see double digit growth in international retail sales, benefitting from the strength and diversified nature of our international business."

Calver continued: "In line with the Transformation and Growth plan, we are continuing to make fundamental improvements to our business in the UK, which will allow us to compete effectively in a changing marketplace."


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