Mothercare reports growth for first half of 2012

Worldwide sales rose during Q2 to deliver growth in the first half of the year.
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International mother and baby retailer, Mothercare, has announced its pre-close statement for the first half of the year, covering 28 weeks to October 13th 2012.

Simon Calver, chief executive of Mothercare plc, said: “Our strategy outlined in May this year is showing early signs of progress. In the UK, we have put the customer back at the heart of what we do.

“This is already beginning to have a beneficial impact on like-for-like sales, which along with our online business have returned to growth. International continues to grow despite difficult trading conditions in the Eurozone and adverse currency movements. We recognise that our most important quarter, which includes Christmas, is still ahead of us. We are confident about delivering against the targets we set out in our three-year plan.”

Group performance, second quarter and first half
=------------------------------------------------------------------------------
Q2 - 13 weeks to H1 - 28 weeks to

13 October 2012 13 October 2012
=------------------------------------------------------------------------------
 Worldwide network sales((1)) +3.2% +2.1%
 Total group sales (7.5%) (5.9%)
 International
 International retail sales((1) ) +10.8% +10.8%
 International retail sales in constant
 currencies ((1)) +15.2% +15.2%
 UK
 Total UK sales (6.2%) (8.3%)
 UK like-for-like sales((1)) +0.3% (3.4%)
 Direct in Home sales +11.0% +0.9%

More to follow.

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