Mothercare upbeat over recovery

Mothercare said it was on a “firmer footing” today after jettisoning loss-making stores and posting better-than-expected sales figures.

The group, which is 12 months into a three-year restructuring plan, overcame snow-bound conditions to report flat UK like-for-like sales in the 11 weeks to March 30, compared with a decline of 6% in the previous quarter.