RETAIL UPDATE: Q1 sales rise for Mothercare - Licensing.biz

RETAIL UPDATE: Q1 sales rise for Mothercare

Baby products retailer bucking downward trend on the High Street thanks to strong overseas growth.
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Mothercare has seen its first quarter sales improve, mainly thanks to a strong performance from overseas.

International sales in Q1 were up 32.7 per cent, while UK like for like sales grew by 5.1 per cent. Total UK sales rose by 3.1 per cent and total group sales were up 9.4 per cent for the period.

"This has been another strong sales performance with both the Mothercare and Early Learning Centre brands operating well across all channels," Ian Peacock, Mothercare chairman, said in a statement.

"Our international franchise business continues to grow rapidly with retail sales up 32.7 per cent, boosted by the weakness of sterling and by 30 new overseas store openings in the first quarter. With new stores opened in Eastern Europe and the Middle East in particular, we now have 639 overseas stores trading in 50 countries.

"While this has been a positive start to the year, we continue to manage the business tightly in an uncertain global consumer environment."

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