Mothercare UK has reported widening losses in the first half of the financial year, starkly highlighting the issues which led to its being placed into administration in November.
For the 28-week period to October 12, 2019, Mothercare UK reported statutory group losses before taxation from continuing operations of £21.2m, deepening from £18.5m for the same period in the 2018/2019 financial year.
Adjusted international profit before taxation fell to £12.2m, while net debt spiralled to £24.5m, from just £6.9m on March 30, 2019.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.