Mothercare Reports A Loss As UK Sales Fall

Mothercare's like-for-like sales have fallen 3.4% in the UK in first half of the year.

But sales overseas at the retailer grew by 4.4% in the six months to October 13 - although at a slower rate than over the same period last year.

After one-off charges, Mothercare, which sells prams, car seats and childrens' clothing, reported a loss before tax of £27.4m.

Its underlying performance - if the one-off items are stripped out - was stronger, with its pre-tax loss rising from £4.4m to £0.4m.

New chief executive Simon Calver said the company, which has failed to keep up with rivals over recent years, was beginning to turn around.

"We are starting to see the impact of our actions to ensure that Mothercare can deliver what our customers want - better value, choice and service," he said.

"Our results show early signs of progress despite the challenging trading conditions in the UK and the Eurozone."

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