Mothercare losses widen

Losses at Mothercare have widened on the back of a drastic restructuring plan, but the company said it will now focus on rebuilding its brand.

Headline losses before tax came to £87.3 million for the 53 weeks to March 30, compared to £72.8m this time last year.

Losses were deepened by the retailer’s store closure plan, which was agreed last year under a Company Voluntary Arrangement (CVA).

Mothercare said the programme had been completed ahead of schedule, reducing its UK estate from 134 stores to 79.

Mothercare shares rose 1.90p to close at 22.30p.