Mothercare Archives

Markets Mar. 21, 2018, 7:36 PM

3 updates from retail businesses show how the old economy is dying — and fast

Moss Bros issued a profit warning on Wednesday and Mothercare, which has already had a profit warning, said its lenders are relaxing debt covenants. Carpetright has had to get an emergency £12.5 million loan, is trying to reduce its rent bill, and needs to raise as much as £60 million […]

News Mar. 4, 2018, 7:00 PM

Britain’s High Street had ‘a brutal winter’ — and another crunch is coming at the end of March

Toys R Us and Maplin went bust this week and restaurants like Prezzo, Byron, and Jamie’s Italian are all closing sites. The slump is down to high inflation and online competition. Analyst says there’s “a very good probability that more victims will fall.” LONDON – A chill wind is blowing […]

News Jan. 11, 2018, 8:24 PM

A terrible Christmas for retailers could be disastrous for the UK’s economic growth

Marks & Spencer and House of Fraser are the latest big retailers to report bad Christmas sales. Conditions on the High Street are “very difficult” as consumers cut spending to cope with inflation and retailers engage in discounting battle to win the pounds that are being spent. Supermarkets are the […]

News Nov. 23, 2017, 7:42 PM

Mothercare shares crash 17% as concerns about the High Street grow

Mothercare falls to a half-year loss as international operations weigh on the business. CEO warns of recent “softening in the UK market.” Shares crash 17% at the open, as investors remain jittery about UK retail. LONDON – Mothercare has become the latest British retailer to warn of difficult trading conditions, […]