Mothercare sales rise in third quarter - ToyNews

Mothercare sales rise in third quarter

The company has reported its financial results for the 13 weeks ended January 8th 2010.
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Total group sales for Q3 were up by 4.6 per cent and UK like-for-like sales up 4.2 per cent, while total UK sales up 2.5 per cent.

Direct in Home sales also rose by 19.5 per cent and international retail sales were up 9.3 per cent (up 14 per cent at constant exchange.)

Year-to-date, Mothercare's total group sales rose 6.6 per cent and UK like-for-like sales were up 4.1 per cent. Total UK sales were up 2.2 per cent.

Direct in Home sales rose 16.6 per cent year-to-date and international retail sales up 20.4 per cent (up 17.3 per cent at constant exchange.)

Ben Gordon, chief executive said: "The Mothercare group has performed well across all channels in the third quarter.

Our multi-channel UK business enjoyed a particularly good Christmas, recording positive like-for-like sales growth for the 18th consecutive quarter with strong contributions from the Early Learning Centre and Direct. Our new property strategy is on track with seven new Parenting Centres opened so far this year.

"International continues to have a record year, successfully building on retail sales growth of +49.1 per cent in the third quarter last year.

"We now have 28 stores in India and plan to increase this to 65 stores by the end of next year. In Russia, we opened our 50th store during December. In total, we have opened 108 stores outside the UK so far this year and are on track to meet our full year target of at least 115 new stores."

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