Mothercare sales rise

Figures released yesterday show retailer is bucking the high street trend with sales up by 0.5 per cent.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Despite the rise in sales for the retailer’s second quarter, total sales were down 2.6 per cent, due to a planned reduction in floor space.

Direct In Home sales soared by 25.1 per cent for Q2, while international like-for-like sales rose 8 per cent.

Total group sales rose a little, by 0.3 per cent.

Ben Gordon, chief executive for Mothercare said: "The Mothercare group performed well around the world in the second quarter. Our UK business was resilient in a slow market, with our Direct business once again delivering particularly strong growth.

“The integration of the Early Learning Centre and the reshaping of the combined property portfolio remain on track to deliver the benefits previously announced.

"International continues to grow rapidly. With the opening of 78 stores in the first half, including our first two stores in China, we now have 572 stores overseas trading in 49 countries.

“We are managing the business tightly and despite the issues in the wider economy we enter the second half benefiting from the strength of our two international brands and our positive cash position."

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.