10 April 2017 - Janet Bird
Mothercare has become the latest retailer to announce it is to raise the prices of its clothing and toy ranges by up to five percent.
The retailer blamed the weakness of the pound in the wake of the Brexit vote for the move saying that, with half its goods bought in dollars, it could no longer absorb the higher importing costs.
Mothercare stressed that it had pushed hard to strike better deals with suppliers, but had now reached the point where the rise in costs had to be passed on to customers by way of price hikes.
Other retailers, including clothing giant Next, have already increased their prices as the fall in the value of sterling continues to push up import costs.
Next increased the price of its spring and summer ranges by an average of four percent and plans to do the same again in the autumn.