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Mothercare’s statutory loss before tax widened to £87.3m in the 53-week period to 30 March, from a £72.8m loss the year before, as its UK like-for-like sales slumped by 8.9%.
Mothercare plans to sell children’s and babies’ toy retailer Early Learning Centre (ELC) to Teal Brands, a subsidiary of the Entertainer Group, for up to £13.5m.
From “mini-me” collections to new launches and a growing emphasis on quality, Drapers takes a closer look at the childrenswear market’s current baby boom