Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Mothercare delays full-year results by one day

Mothercare delays full-year results by one day
FILE PHOTO: People walk past a Mothercare store in Altricham, Britain, May 16, 2018. REUTERS/Andrew Yates -
Copyright
ANDREW YATES(Reuters)
Text size Aa Aa

(Reuters) - Baby products retailer Mothercare Plc said on Thursday it would delay unveiling full-year results by one day due to the complexity surrounding its restructuring, store closures and divestments.

The company's main UK business has been losing money for more than a decade as its traditional place on the UK high street collapses in the face of a new generation of online players, forcing the company to unveil a survival plan in July that closed over a third of its UK stores.

Over the course of the year, Mothercare, completed a refinancing, a company wide reorganisation and the disposal of its educational toy brand Early Learning Centre among others.

Mothercare said it would publish its full-year results on Friday and that it continues to expect underlying results in line with market expectations.

(Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.