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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mothercare - International sales rise 14%

December 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MTC
  • Price:
  • 525p
Mothercare's Q2 trading update  showed worldwide network sales (UK retail, plus overseas franchised and joint ventures) up 7%, while total group sales rose 4.7% in the 13 weeks ended 9 October. Within that, in the UK like-for-like sales fell 3.2% (against tough comparatives) but this was a slight improvement on the decline of 4.1% in Q1. The UK was boosted by double digit growth in Direct sales, while its new wholesale channel was boosted by the new clothing partnership with Boots. The re-launch of Early Learning Centres is also boosting sales. The property restructuring is also progressing well with 20 smaller in town stores closed and 7 larger parenting stores opened in the first half. Meanwhile the internatio ...

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