Mothercare boasts success of Boots tie-up

Mothercare has declared the clothing range it launched in Boots last year a success, playing a part in driving total revenues for the six months to 9 October up 7.5% year on year to £590.2m.

Mothercare: international profits exceed UK profits for first time
Mothercare: international profits exceed UK profits for first time

The in 370 stores, doubled Mothercare's wholesale turnover to £12.6m.

Mothercare, which also owns the Early Learning Centre and , reported a pre-tax profit of £300,000, going back into the black after a loss of £7.1m last year. Underlying profits before tax rose 22% to £12m.

Home shopping sales also grew, by 11.6% to £64.7m.

International sales exceeded UK sales for the first time, with UK profits slipping from £9m to £2.8m compared to the same period last year.

Chief executive Ben Gordon said: "International is going from strength to strength with retail sales up 17.3% and profits up 33.9%. We now have 860 stores overseas in 53 countries and are on track to meet our new target to open at least 150 in total this year.

"In the UK, which remains challenging, the important property restructure is progressing well. Direct continues to grow strongly and our new Wholesale channel was boosted by the successful launch of Mini Club, our new clothing partnership with Boots.

"The UK consumer environment remains uncertain and we continue to plan cautiously. We are however benefiting significantly from the strategic initiatives we have taken and from the rapid growth of International, Direct and Wholesale."

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