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Mothercare insists turnaround 'on course' despite revenue fall

Jan 10, 2019 - City A.M.

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...