Mothercare insists turnaround 'on course' despite revenue fall
MOTHERCARE sales plunged in the three months to mid-January, it told investors yesterday, though the business remains on track to deliver on its full-year guidance.
Like-for-like UK sales dropped 11.4 per cent over the parent and baby chain's third quarter as it blamed challenging trading conditions and a programme of store closures.
The retailer fared worse online, where sales fell 16.3 per cent with fewer digital visits and a dip in sales using in-store iPads. Yesterday's trading u...