For the year to 27 March, 2021, Mothercare posted a loss of £21.5 million, compared to £8.5 million in the previous year.
The maternity and nursery brand saw the full impact of the COVID-19 pandemic in its full year results, during which turnover fell 47.9% to £85.8 million, compared to £164.7 million in the year before.
Across Mothercare’s franchise partners, the worldwide retail sales were £358.6 million, a decline of 33.8% from the previous year, when sales were £542.1 million. The total number of franchise stores fell by 107 to 734 during the period.
Clive Whiley, chairman of Mothercare, commented: ”The past financial year has clearly been a challenging one, however, despite the backdrop of the pandemic, we have made a tremendous amount of progress in fundamentally transforming the Group.
“We expect 2022 to be a year of further progress as we focus upon developing our strategy and future plans to optimise the Mothercare brand globally over the next five years. These are exciting times as, notwithstanding the continued impact of the pandemic in many of our franchise partners territories, without the distractions of the last three years we are seeking to accelerate the growth of the business and the Mothercare Brand.
“We look to the future with great optimism having established a strong and efficient platform with multiple opportunities for growth.”
