Thursday 12 April 2012

Mothercare set to close 111 stores

Mothercare is set to close another
 111 stores within the next three years

Struggling retailer Mothercare has said it will close another 111 UK stores over the next three years, in a move impacting 730 jobs.
The mothers-to-be, babies and children's group revealed plans to cut the number of stores in the UK from 311 to 200, which will include 36 Mothercare sites and 75 Early Learning Centres, following months of weak trade.
The announcement came as the group revealed a further deterioration in UK like-for-like sales, which fell 9.5% in the 12 weeks to March 31, compared with 3% in the previous quarter.

©Press Association

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