Mothercare takes a step in the right direction

22nd November, 2015
4
A year into its turnaround plan, profits are up at Mothercare

British baby goods retailer Mothercare saw its half-year profits soar, as a major turnaround plan began to bear fruit.

“We are a year into our turnaround; making good progress against each of our strategic pillars and as a result underlying profits for the first half have more than doubled. Our work to return the British business to profitability continues to pay off, with growth in both gross margins and like-for-like sales.”

Mark Newton-Jones,...

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