Mothercare to close a further 111 stores

As part of a ‘new strategy for Transformation and Growth’, Mothercare will close 111 stores (36 Mothercare and 75 Early Learning Centres) over the next three years to March 2015.

This will leave the group with 200 stores - 105 on the High Street and 95 in out-of-town retail parks and shopping centres.

In its Q4 statement, the retailer reported a total UK sales drop of 6.3 per cent for the full year 2011.

To read the full story with quotes from chairman Alan Parker, head to ToyNews.