UK-based children's retailer Mothercare reports a 13% decline in global sales by franchise partners to £281m due to pandemic impact.
Mothercare, UK-based children's retailer, reports a 13% decline in global sales by franchise partners to £281m due to pandemic-related inventory clearance and suppressed demand, particularly in the Middle East, its largest market. The company is refinancing discussions with its lender. Despite the challenges, Mothercare's medium-term guidance remains unchanged, with a focus on growth in existing and new markets.
May 10, 2024
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