[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 15 July, 2005, 10:20 GMT 11:20 UK
Mothercare shrugs off sales dip
Mothercare
Mothercare's global portfolio is expanding rapidly
High Street babycare chain Mothercare has reported "resilient" trading in the last three months despite a fall in like-for-like sales.

Total UK sales for the 15 weeks to 8 July were up 0.1%, but same-store sales dropped 1.8%, which Mothercare partly blamed on the early timing of Easter.

The company has struggled in recent years, partly because of initial chaos with a new distribution centre.

But strong growth in its international business has offset slow UK spending.

Warehouse woes

The company is in the middle of an overhaul and says it has improved the quality, design and value of products.

Problems in its distribution chain have been ironed out, with the opening of a 13m logistics centre at Daventry.

"Our UK business has traded resiliently in the difficult UK trading environment," said chairman Ian Peacock.

Overseas business increased by 30.7%, with the opening of 16 new sites taking the company's international presence to 236 outlets.

Earlier this year, Mothercare announced that pre-tax pre-exceptional profits rose by 19% on the year to 19.6m.


SEE ALSO:
Summer sales dip at Mothercare
14 Oct 04 |  Business
Mothercare hails Christmas boost
14 Jan 04 |  Business
Mothercare falls into the red
22 May 03 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific