The New York-based brand management company announced a net loss of $95.0 million in the fourth quarter on Monday, widening from the loss of $69.1 million reported by the group in the same period in the previous year.
Mothercare said it continues to make big progress with its transformation plan, but Covid-19 is having an impact and has delayed final contracts being signed for its Boots franchise deal, as well as hurting sales.
There is nothing like a centenary to focus attention on a brand, especially one on the mend, like Fogal, considered by many as the nec plus ultra of legwear. A brand poised for a notable renaissance, post-coronavirus.
Luxury, premium and high street brands are all accelerating their online discounts as plunging footfall followed by a lockdown means the UK's SS20 season is turning into a disastrous one, new data shows.