Sumary of Mothercare swings back to profit but supply chain issues and lockdowns hit trade:
- The baby products seller recorded profits of £3.6million in the six months to 25 September against a loss of £13.2million in the 28 weeks to 10 October last year.
- It added that the problems affecting international shipping were causing its franchise partners to receive products later than expected, including those for the autumn/winter 2021 season, and impacted their ability to sell them at full price.
- After entering administration, the Watford-based retailer subsequently shut all its shops in the United Kingdom, where it has become an online-only business, but it has 740 international establishments operated by franchisees.
- This is Money on Twitter Mothercare also made a deal with Boots in the month after it collapsed to sell some of its branded products, such as prams, clothes and car seats, in multiple stores owned by the high street pharmacy chain.