Mothercare

Retail Asia09/01/2019

Kim Hin Joo, operator of ELC and Mothercare Malaysia, is preparing for an IPO on Bursa Malaysia’s ACE Market. The move, expected to generate funding for the group’s further expansion and expenditure, will see a public issue of 76 million new shares (20 per cent of its enlarged share capital) and an offer of 57 […]

Retail Asia25/07/2018

UK-based baby-goods retailer Mothercare Vietnam is opening its second store, inside the newly-opened Vincom Landmark 81 in Ho Chi Minh City. Opened three months after the first store at Crescent Mall, the new 286sqm shop offers a full range of products for mothers, and for kids under five years old. The brand plans to open […]

Retail Asia10/07/2018

Mothercare is set to raise £32.5 million from its existing shareholders as part of a restructuring plan to secure its long-term future. The embattled retailer of baby and childrens goods has set July 27 as a deadline for raising the additional capital. Conditional on the share issue being fully subscribed, the company’s existing lenders have […]

Retail Asia05/06/2018

Creditors have given the green light to the Mothercare CVA plan which will lead to the closure of 49 stores and the axing if hundreds of jobs. The company voluntary arrangement was revealed last month after the company posted a £72.8 million loss last financial year, despite the closure of more than half its stores over the past […]

Retail Asia21/05/2018

Embattled UK baby goods retailer Mothercare is to close 50 stores and seek rent reductions on a further 21 as part of a plan to stay viable. The company has produced a Company Voluntary Arrangement (CVA) which also proposes axing hundreds of jobs. After posting a £72.8 million loss in its last financial year, and […]

Retail Asia24/03/2017

Indian fashion portal Jabong has added American fashion brand Forever 21 to its product portfolio. It definitely will give another option for India’s shopper to check the collections of Forever 21. A selection of goods including play-in tops, dresses, t-shirts, cosmetics, intimates and shoes will go online on Jabong, priced from Rs.499 to Rs.2400 (US$7.50 […]

Retail Asia28/11/2016

Mothercare is in the process of a much needed turnaround strategy for its UK business that aims to bring the UK side of its proposition back to profit. After a reasonable first quarter result, the retailer has felt the effects of a tougher economic climate in the second, with like-for-likes dipping into negatives for the […]

Retail Asia22/10/2016

India’s DLF Brands, which runs high-street fashion brands mall Emporio in Delhi, is quitting the luxury business. It has just shut down two of the seven stores of US fashion brand DKNY after parting ways earlier with such brands such as Giorgio Armani, Mango, Salvatore Ferragamo and Sephora. “We don’t have any plans to open […]

Retail Asia18/07/2016

Baby care specialist retailer Mothercare has reported a reasonable set of results for its Q1 trading, with UK sales declining by 2.1 per cent, reflecting an unsuccessful battle against unseasonable weather conditions. UK like-for-like Mothercare sales were up by 1.2 per cent, although this represents a slight slowdown on growth, impacted by a reduction of […]

Retail Asia10/09/2015

Sri Lanka’s Odel PLC (Odel) is aiming at upgrading its Ward Place Odel flagship store to improve quality of offerings to customers and plans to build a Mega Mall of 300,000 sq. feet adjoining the Odel flagship store along with car park amenities. Addressing shareholders at the release of the 2014 Annual Report, Chairman of […]

Retail Asia07/08/2015

Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing consumer market and improved purchasing power of Filipinos. Ahmad, the […]

Retail Asia15/07/2015

Baby and maternity products retailer Mothercare is implementing warehouse platform Peoplevox in Asia, following initial success with the system in its Irish business. The vendor’s dedicated eCommerce warehouse management system is to be implemented in Mothercare’s Singapore, Hong Kong, Macau, and Malaysia operations, with the retailer hoping to benefit from the company’s “deep functional expertise” […]

Retail Asia25/05/2015

Struggling UK childrenswear idea Mothercare has reported bought worldwide gross sales and a burgeoning on-line enterprise because it recovers its mojo. Within the full yr to March 28, Mothercare says its pre-tax, underlying revenue rose 37 per cent to £13 million. Worldwide gross sales have been up 5.6 per cent – a good more healthy […]

Retail Asia20/02/2015

Babywear retailer Mothercare is to launch in South Korea. The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. South Korea becomes the 17th Asian market for Mothercare. Four shops will initially open in Seoul, Suwon, Daejeon and Bucheon […]

Tag: Mothercare

Mothercare Malaysia retailer seeks IPO

Mothercare Vietnam opens second store

Mothercare plan after CVA approved

Mothercare creditors approve CVA plans

Mothercare to close 50 stores in survival bid

When Forever 21 join India’s Jabong

Mothercare recovery hits a bump

DLF Brands quits luxury sector

Weather dampens Mothercare sales

Odel to build Mega Mall in 3 years

British brands invading Philippines

Mothercare takes Peoplevox partnership into Asia

Worldwide gross sales drive Mothercare restoration

Mothercare enters Korea