Interim Management Statement
Simon Calver, Chief Executive of Mothercare plc, summarised:
"We have made solid progress during Q3, despite a challenging consumer backdrop for the UK and Eurozone. International continues to see double-digit growth and in the UK we have made further progress closing loss making stores. The transition to our new online platform has passed the test of peak trading with Direct in Home growing at double-digit rates during December. Our work towards delivering improved value, choice and service for our customers continues to make an impact and I am very encouraged by the new ranges and innovative product ready to go into stores for spring/summer 2013."
Highlights for Q3
On track with our three-year Transformation and Growth plan
International continues to deliver double-digit growth
UK strategy to exit loss making stores progressing well
Cash tightly controlled with continued focus on cash gross margin