Mothercare UK sales slide

International sales exceeded UK revenue for the first time in the first quarter.
Author:
Publish date:
Social count:
0
88_Mothercare store 300.jpg

Worldwide network sales for the retailer rose by eight per cent, international sales were up by 20.3 per cent, while UK like-for-like sales fell by 4.1 per cent.

The retailers website continued to perform well, with Direct in Home sales up 13.7 per cent.

Chairman Ian Peacock seemed unconcerned about the decline in UK sales, though and said:

"Our strategy of focusing on the global expansion of the Mothercare and Early Learning Centre brands, whilst restructuring the UK business through our property strategy, continues to deliver results."

Peacock said the UK retail environment remained challenging and that the firm was trading against strong first quarter results.

The firm will continue to plan cautiously for the remainder of the year and will invest further margin in its customer offer, while it continues to implement cost savings and property restructure.

Peacock continued: "Direct delivered double-digit sales growth, reinforced by the recent launch of a new website for the Early Learning Centre.

"Our new wholesale channel will be boosted by the partnership with Boots announced in February. We have also today announced the acquisition of the Blooming Marvellous brand and trademark."

International sales at the retailer were boosted by strong growth in Eastern Europe, the Middle East, Asia and Australasia.

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.