Business
Mothercare Investor & Analyst
Mothercare Investor & Analyst.
About this update from Mothercare Plc
[{"type":"text","content":"\n RNS Number : 6297X Mothercare PLC 09 December 2010 \n \n\nFor release 7am GMT, 9 December, 2010\n \n \n \nMothercare Investor and Analyst Site Visit in India\n \n \nMothercare plc is hosting an investor and analyst event in New Delhi, India, from 8 - 10 December, 2010.\n \nMothercare's senior management team and joint venture partners will host site tours and give detailed presentations on Mothercare's International business and its business in India. Mothercare's largest franchise partner will also present on its business in the Middle East and Russia.\n \nThe presentation on 9 December includes the following new guidance:\n \n· Total overseas Network Sales expected to double to around £1 billion by 2014\n· 175 new overseas stores to open in current year 2010/11 (increased from 150) \n· 150 new overseas stores to open per annum from 2011/12 (increased from 100), increasing overseas retail space by 15-20% per annum\n· 70 stores to be open in India by March 2011, growing to at least 200 by March 2015\n· International profit margin on Network Sales targeted to increase by 20-30 basis points per annum (increased from 10-20) \n \n \nA summary of the full presentation will be available on the Mothercare plc website http://www.mothercareplc.com/ on Thursday 9th December 2010.\n \nEnquiries to:\nMothercare plc\n\n\n\n\nTim Ashby, Group General Counsel\n\n\n01923 206177\n\n\n\n\nJoanne Russell, Head of Investor Relations\n\n\n07760172077\n\n\n\n\nBrunswick Group\n\n\n\n\nCatherine Hicks/Catriona McDermott/Claire Boszko\n\n\n020 7404 5959\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFSWFWAFSSESE \n ","length":4363,"tagName":"div"}]