According to reports, Mothercare is attempting to sell its British business. However, the company generally is faring better overseas.
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Mothercare losses rise 20 percent to £87.3million as UK shares fall
This means all 2,500 of Mothercare employees could face redundancy after the retailer made losses of £36.3 million last year.
The company has already closed a large number of its stores, with the overall number shrinking from 137 in May 2018 to 79 by the end of March 2019.
In summer 2018 it was revealed a number of Mothercare stores would close down.
Fifty under-performing stores will close, so which are they?
READ MORE: Is your local Mothercare closing down? [FULL LIST]
Mothercare UK store closures – full list
The full list announced was:
- Inverness
- Kirkcaldy
- Fort Kinnaird
- Coatbridge
- Bangor Northern Ireland
- Londonderry
- North Shields
- Doncaster
- Bradford
- Rotherham
- Crystal Peaks
- Llandudno
- Stockport
- Macclesfield
- Stafford
- Walsall
- Denton
- Blackburn
- Bedford
- Kings Lynn
- Grafton Cente Cambridge
- Clacton
- Holloway Road
- Bexleyheath
- Hounslow
- Wandsworth
- Brixton
- Sutton
- Croydon 187
- Colliers Wood
- Eltham
- Bromley
- Maidstone
- Brighton
- Worthing
- Guildford
- Aldershot
- Portsmouth
- Newbury
- Reading 246
- Salisbury
- Newport, Wales
- Weston Super Mare
- Yeovil
- Exeter
- Plymouth (although a relocation is planned)
- Newport Isle of White
- plus Early Learning Centres in Plymouth and Harrogate
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At the time chief exec Mark Newton-Jones said: “We will really be able to speed up the transformation, and by God we need to speed up the transformation, because the retail landscape is pretty brutal at the moment.
“Alongside the fundraising, we have been very busy on numerous fronts to restructure the Group for future profitability.
“Whilst the lack of full approval for the Childrens World CVA was disappointing, we have now found a solution which allows us to go further and faster with the right-sizing of our store portfolio.
“We have also identified significant areas for further efficiencies and cost savings, which will underpin our return to a sustainable future.”
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Clive Whiley, Interim Executive Chairman, said: “When I joined the business just three months ago, Mothercare faced a bleak future with growing and pressing financial stresses upon the business.
“We have worked tirelessly as a team to get to where we are today and this fully underwritten equity issue marks the end of this initial phase, returning the Group to financial stability.
“This could not have happened without the support of all of our stakeholders for which we are very grateful.”
It was revealed in September that Debenhams was closing 50 stores in a new shut down.
Debenhams won a battle in the courts to close down 50 stores in the future, leaving thousands of jobs on the line.
Twitter users have expressed disappointment since the plans were announced.
One wrote: “Very disappointing news for Chatham Town Centre with the confirmation that our Debenhams will be one of the 22 stores across the country closing.
“Critical that staff there are given maximum possible support at this difficult time & we cannot see this key location vacant for long.”
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