Mothercare takes a step in the right direction
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.”
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures