Mothercare says it's "making solid progress" and is on-track with its three-year transformation plan.
The retailer reported a 5.9 per cent like-for-like sales drop in the UK during its fiscal Q3 period (the 13 weeks ending January 12th, 2013), taking into account store closures. Total sales fell 12.9 per cent.
A further 11 UK stores - eight Early Learning Centre and three Mothercare - were closed during the quarter. This means the UK business now operates from 269 stores, compared to 311 stores at the beginning of its current financial year.
However, international retail sales rose 12 per cent during the period, after the business opened a net 31 stores during the quarter.
Mothercare now operates from 1,129 stores across 61 countries.
