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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Mothercare plc    MTC   GB0009067447

MOTHERCARE PLC (MTC)
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Delayed Quote. Delayed  - 05/21 10:23:38 am
34.7295 GBp   +8.53%
05/18MOTHERCARE : swings axe on 50 stores
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05/18MOTHERCARE : branch set to remain open
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05/18MOTHERCARE : Town's Mothercare store set to be closed
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Mothercare : to close 50 stores, reappoint Newton-Jones as CEO

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05/17/2018 | 12:42am CEST
People walk past a Mothercare store in Altricham

(Reuters) - Britain's Mothercare Plc will shutter 50 stores in the UK and bring back Mark Newton-Jones as chief executive as part of a restructuring plan to be unveiled on Thursday, a source familiar with the matter told Reuters.

Mothercare has seen sales and profit hammered by rising costs and intense competition from supermarket groups and online retailers in its main UK market.

The mother and baby products retailer said on Monday that it had been working on a comprehensive restructuring and refinancing package.

The company will disclose details of the restructuring plan along with full year earnings on Thursday, the source said.

Mothercare declined to comment.

Newton-Jones stepped down as CEO in April, a month after Mothercare warned on full-year profit.

Shares in Mothercare, a popular British high street name, have lost more than two-thirds of their value this year and closed at 21.30 pence on Wednesday.

The British Retail Consortium (BRC) said last week that the retail market was likely to remain "extremely challenging".

Looking at retail sales over the three months to April, the BRC said overall spending was up 0.4 percent year-on-year, marking the third-worst reading since the global financial crisis.

Already this year Toys R Us UK, electricals group Maplin and drinks wholesaler Conviviality have moved into administration, while fashion retailer New Look and floor coverings retailer Carpetright are closing stores.

Sky News reported Mothercare's plans earlier and said the store closures would trigger hundreds of job cuts.

(Reporting by Ismail Shakil in Bengaluru)

By Ismail Shakil

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News from SeekingAlpha
2015MOTHERCARE : Turnaround Still In Delivery 
Financials ( GBP)
Sales 2018 643 M
EBIT 2018 5,40 M
Net income 2018 -12,0 M
Debt 2018 48,4 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 18,82
EV / Sales 2018 0,15x
EV / Sales 2019 0,14x
Capitalization 45,3 M
Chart MOTHERCARE PLC
Duration : Period :
Mothercare plc Technical Analysis Chart | MTC | GB0009067447 | 4-Traders
Technical analysis trends MOTHERCARE PLC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 0,29  GBP
Spread / Average Target -10%
EPS Revisions
Managers
NameTitle
Mark Newton-Jones Chief Executive Officer
Clive Peter Whiley Executive Chairman
Glyn Hughes Chief Financial Officer & Executive Director
Michelle Barkess Director-Retail Operations
Richard Michael Rivers Senior Independent Non-Executive Director
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