Mothercare has reported more weak results but the mother-and-baby products retailer talked of progress and its focus on rebuilding itself as a global brand with a bigger move into digital and more exclusive products.
Mothercare on Thursday released a trading update and hailed the “significant strategic progress” it has made so far. Its turnaround continues and expectations for full-year profit remain in line with analyst forecasts.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
Bullring owner Hammerson is trying to offload over £900m of property, including a number of retail parks in the UK, after seeing the retail crisis send the value of its portfolio down by almost 6% in 2018.
Mamas & Papas continued to struggle in its latest year as it reported another loss, although there were some bright spots as its online sales continued to accelerate and now make up nearly a third of its total turnover.
It’s been hard to find good news in most of the announcements made by mother-and-baby products retailer Mothercare in recent periods, but the company says it has made “strategic progress in spite of UK headwinds.”