RNS Number : 5226F
Mothercare PLC
14 January 2010
 



MOTHERCARE PLC
THIRD QUARTER TRADING UPDATE




Mothercare plctoday issued an update on trading for the 13 weeks ended 8 January 2010 ("third quarter").


Group performance : third quarter


Group performance : year-to-date



Ben Gordon, Chief Executive said:


"The Mothercare group has performed well across all channels in the third quarter. Our multi-channel UK business enjoyed a particularly good Christmas, recording positive like-for-like sales growth for the 18th  consecutive quarter with strong  contributions  from  the Early Learning Centre and Direct. Our new property strategy is on track with seven new Parenting Centres opened so far this year.


"International continues to have a record year, successfully building on retail sales growth of +49.1% in the third quarter last year. In October we announced a new joint venture to accelerate our expansion in India and we have already opened our first two joint venture stores which are trading well. We now have 28 stores in India and plan to increase this to 65 stores by the end of next year. In Russia, we opened our 50th store during December. In total, we have opened 108 stores outside the UK so far this year and are on track to meet our full year target of at least 115 new stores."




Enquiries to:


Mothercare plc

Ben Gordon, Chief Executive    

01923 206001

Neil Harrington, Finance Director

01923 206187


Brunswick Group

Catherine Hicks/Catriona McDermott

    

020 7404 5959


Note 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.



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