Mothercare has offset poor sales from its UK business by recording a strong year in online and international trading.
The company, which is in talks to buy Early Learning Centre, reported a 5.1 per cent increase in total sales for the year to March 31, 2007, with turnover during the fourth quarter up by 4.4 per cent. Shares rose to 386p from 382.5p.
However, Mothercare’s UK business, including online sales from its “Direct from Home” service, saw full-year like-for-like revenues rise by just 1.6 per cent, while its 234 British stores generated an increase in turnover of only 0.8 per cent.
In contrast, Mothercare’s international business reported a 30 per cent rise in sales. The company operates 328 franchise-only stores in 38 countries and is planning to increase its presence to include Egypt and Kazakhstan.
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