Mothercare Announces Plans To Expand Into Global Market
British maternity goods seller Mothercare, on the back of a strong half yearly performance and a steadily improving market, has announced plans to expand its wholesale operations to a global level, as the group has already done to Early Learning Centre, a business it acquired in 2007.
The firm also said that it is planning to build as many as 33 large out-of-town outlets, which will create 400 jobs, in addition to 12 urban retail stores.
Mothercare’s sales for the current year’s first half, as was expected by analysts, surged by 7.9% to ?387.3 Million, as compared to the figures posted for the same time last year. The company has credited a 29.6% hike in its international franchising operations as the major reason for a successful growth in the first half.
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