Mothercare takes baby steps back into profit

23 May 2016 - Janet Bird

mothercare uk sales

Two years into an ambitious turnaround strategy, Mothercare has edged back into profitability.

The retailer has reported group pre-tax profits of £9.7 million for the year ending March 26, up from a loss of £13.1 million at the end of the previous 12 months.

Like for like sales in the UK rose 3.6 percent during the period. Online purchases increased by 15 percent to now account for 37 percent of all UK sales.

But while the UK situation is improving, Mothercare saw like for like sales internationally fall by 4.5 percent while underlying profit dropped 12 percent.

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