The Mothercare Group, which includes Early Learning Centre, continue to grow sales both home and aboard; reporting its fifteenth consecutive quarter of growth.
In its fourth quarter, ending March 28th 2009, the total group’s sales were 5.6 per cent up, while UK like-for-like sales were 3.7 per cent up.
For the full year, the total group’s sales rose by 6.9 per cent, while total UK sales were 2.4 per cent up. UK like-for-like sales rose by 1.4 per cent upon the previous year.
Ben Gordon, Mothercare’s chief executive, said: “This is another strong performance from The Mothercare Group. International goes from strength to strength, with retail sales up 40 per cent. We now have 1,014 stores in 51 countries worldwide.
“The UK business has now delivered 15 consecutive quarters of like-for-like sales growth. UK sales have been boosted by robust performances from the Direct business and the Early Learning Centre inserts now in 84 Mothercare stores, and both brands have gained market share in the quarter. We continue to manage the business tightly to mitigate the effect of currency movements. The group remains debt free.”
Informer: [Reuters]