Business
AGM Statement & IMS
AGM Statement & IMS.
About this update from Mothercare Plc
[{"type":"text","content":"\n RNS Number : 7468V Mothercare PLC 16 July 2009 \n \n\nMOTHERCARE PLC\nANNUAL GENERAL MEETING\nINTERIM MANAGEMENT STATEMENT\n\nAt the Mothercare Annual General Meeting to be held at 10.30 this morning, Ian Peacock, Chairman, will give the following update on trading for the 15 weeks ended 10 July 2009 (first quarter).\n\nGroup performance : First quarter\n\n\n\nTotal group sales up 9.4%\n\n\nUK like-for-like sales(1)up 5.1%\n\n\nTotal UK sales up 3.1%\n\n\nDirect in Home sales up 17.4%\n\n\nInternational retail sales(1) up 32.7%\n\n\n\nIan Peacock, Chairman said:\n\n'This has been another strong sales performance with both the Mothercare and Early Learning Centre brands operating well across all channels. Our International franchise business continues to grow rapidly with retail sales up 32.7% boosted by the weakness of Sterling and by 30 new overseas store openings in the first quarter. With new stores opened in Eastern Europe and the Middle East in particular, we now have 639 overseas stores trading in 50 countries.\n\n'The multi-channel UK business again grew like-for-like sales, helped by the performance of Direct, the Early Learning Centre inserts in Mothercare stores and strong sales of summer product. The summer sale is progressing in line with plan and we enter the new season with a clean stock position. Whilst this has been a positive start to the year, we continue to manage the business tightly in an uncertain global consumer environment.'\n\nEnquiries to:\n\nMothercare plc\nBen Gordon, Chief Executive 01923 206001\nNeil Harrington, Finance Director 01923 206187\n\nBrunswick Group\nCatherine Hicks/Catriona McDermott 020 7404 5959\n\n\nNote 1 - 'Like-for-like' sales are defined as sales for stores that have been trading continuously from the same selling space for at least a year and include Direct in Home and Direct in Store. Sales from Early Learning Centre inserts in Mothercare stores are included where they are trading in existing Mothercare space. International retail sales are the estimated retail sales of our overseas franchise partners and joint ventures.\nTh...