DEATHWATCH: Mothercare look doomed
It has been well publicised, but the high street is looking pretty doomed at the minute, with HMV all but dead, Jessops, Blockbuster and Comet gone. Mothercare, it seems, could well be next.
The pram-vendor was hoping Christmas would revive their flagging sales, but the opposite happened, with the company posting a 7.4% fall in sales for the end of 2012 from a year ago. They still hold out for things improving though (while everyone else looks on with pity in their eyes).
"We have made solid progress during Q3, despite a challenging consumer backdrop for the UK and Eurozone," Chief Executive Simon Calver said in a statement. "Our three-year transformation and growth plan remains on track."
It seems any comeback is based almost entirely on slashing prices, which is never a good sign.
Elsewhere, the owner of PC World and Currys is laughing like a drain at all this high street bother, saying that they're having a lovely time since Comet went under, and reported bigger-than-expected surge in Christmas sales. Dixons Retail have also been cheerfully reminding everyone that their like-for-like sales in the UK and Ireland were up.
Argos have also benefited from the Comet closure, showing better sales figures over Christmas, thanks to a spike in sales of tablets. Meanwhile, Comet is hauling itself around smoking roll-ups and dragging its face like Yosser Hughes.
TOPICS: High Street News