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Mothercare confident on second half

Mothercare saw UK like-for-like sales rise 3% in the second quarter, helping the retailer to post a 4.1% rise in comparable sales over the first half ended October 10.

For the first half ending October 10, Mothercare reported group sales up 8.2%, and total UK sales up 2.6%. International like-for-likes were up 1%.

For the second quarter, the mother and baby retailer reported total group sales up 7% and total UK sales up 2%.

Mothercare chief executive Ben Gordon said that the performance had made the retailer confident about the rest of the year.

He said: “This strong trading performance has offset the increases in costs arising from the continuing weakness of sterling, pensions and share based payments. Whilst the economic environment remains uncertain, our first half performance and the strategic initiatives we have taken give us confidence for the rest of the year.”

For the first half, Mothercare’s Direct in Home sales were up 14.4%, international retail sales up 27.3% and international like-for-like sales were up 1%.

In the second quarter Direct in Home sales are up 11.3% and international retail sales were up 23.2%.

Gordon added: “Our multi-channel UK business recorded positive like-for-like sales growth for the seventeenth consecutive quarter, helped by the performance of Direct…In September we announced the acquisition of the remaining 50% of, the rapidly growing social networking site for parents.”

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