Mothercare said it continues to make big progress with its transformation plan, but Covid-19 is having an impact and has delayed final contracts being signed for its Boots franchise deal, as well as hurting sales.
The shift in consumer focus from physical stores to online shopping was underlined this week on news of a £51.4m deal to transform a London retail park into a logistics hub with warehousing for online businesses.
Mothercare Plc said on Friday it had agreed to supply baby care and other products exclusively to Boots UK stores, keeping its goods on British shelves after the collapse of its retail network in its home market.
The embattled maternity retailer Mothercare is gearing up to close all 79 stores in the UK in early 2020, but its half-year results reveals the international business is also facing numerous challenges.
Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.