Deathwatch: Mothercare to close even more stores
Last May they said they’d be cutting their store numbers from 373 to 266 by March 2013 – now they’ve revised that figure and are saying that there’ll be only 200 Mothercares left by March 2015.
The news was lumped in with the announcement of a 6.2% drop in like-for-like sales in the UK in the year to the end of March. For the fourth quarter, UK like-for-like sales were down 8.2%. Grim times for the high street stalwart.
However, they say that their international operation is all going swimmingly, although we’ve got no way of verifying that as none of us have ever been abroad and operate out of a hermetically-sealed pod situated 50 metres below the earth’s surface.
Good luck Mothercare – you’re going to need it!