Mothercare has issued upbeat news and some worrying figures too as a Q1 trading update showed UK comp sales rising. But in-store and online they've slowed from last year’s Q4, and global sales growth is proving elusive.
Mothercare was upbeat on Thursday despite ongoing losses as it feels it has positioned itself for future growth. And key to that growth will be a mix of international expansion and a strong digital focus.
M&S has named its new head of fashion, beauty and interiors and after scouring the fashion sector the retailer has appointed a senior executive from… the car accessories sector. Its new exec is currently CEO of Halfords.
Parent-to-child retail specialist Mothercare is benefitting from the migration of shoppers online with the company saying Thursday that the 11 weeks to March 25 saw UK comp sales up 4.5%. Total UK sales rose 3.2% in Q4.