Mothercare slips to loss as UK sales fall

Mothercare slips to loss as UK sales fall
 

Baby goods retailer Mothercare has reported a half-year loss, blaming unseasonal weather and warehouse changes for the figures.
It reported a loss of £800,000 for the six months to 8 October, compared with a £5.8m profit last year.
"The last six months have been challenging," the company said.
Mothercare is in the midst of a turnaround plan that has seen it close loss-making branches and relocate many High Street shops out of town.
It closed six stores in the first half and has now refurbished three-fifths of its shops in a "new modern format".
'Well prepared' Mothercare... read more

 
24 November 2016 in Business, Views: 38
Source: BBC
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