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)
By Reuters
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(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)

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