Mothercare UK sales rise three per cent

UK like-for-like sales rose by three per cent and total UK sales increased two per cent in full year results.
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Total worldwide network sales for the year were up ten per cent to £1.1 billion, with total group sales up 5.9 per cent.

Direct in Home sales for the year rose by 16.3 per cent. International retail sales were up 20.2 per cent, with international like-for-like sales up 2.2 per cent.

For the fourth quarter, UK like-for-like sales were down 1.6 per cent and total UK sales fell 0.9%.

Q4 total group sales were up 3.3 per cent, Direct in Home sales rose 15.3 per cent and international retail sales up 19.3 per cent.

Ben Gordon, chief executive said: "Our brands have performed well around the world and our worldwide network sales for the full year exceeded £1 billion for the first time.

"International finished a record year with strong momentum, with retail sales growth of 19.3 per cent in the fourth quarter on top of 40 per cent growth last year.

"We have opened 119 stores in 29 countries outside the UK in the year giving a total of 728, and during the year Mothercare entered Australia for the first time. Our new joint venture in India is performing particularly well and we are planning at least 38 new stores in the coming year taking the number of stores in India to 70.

"In the UK, like-for-like sales for the full year were up three per cent. In the fourth quarter the extreme weather conditions adversely impacted performance, resulting in an extension of our winter sale, although the impact was offset by tight cost control.

"Our UK property strategy is progressing well, with 29 smaller in-town stores closed and ten larger out-of-town Parenting Centres opened in the year. The wholesale partnership with Boots announced in February remains on track to launch in the autumn."

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