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Archive for November 21st, 2008

Mothercare double profits with global expansion

November 21st, 2008

Babies mean business Stick with me kid: we found the retailers with a right to be optimistic when we went to the Careers Forum and our pals at Mothercare have stuck to their word and doubled their profits on this time last year to £9.5m. Sales outside of the UK were up 9% so the brands expansion and internet sales plans seem to be on course. As boss Ben Gordon reminds us “Only 0.5% of the world’s babies are born in the UK” that leaves them 99.5% to clothe and entertain! The Middle East, Eastern Europe and Russia were among the company’s best-performing markets. Mothercare currently has 24 stores in and around Moscow and plans to open another 40 stores in the next three years. People (with low self-esteem) will always have babies, recession on not, so get your passport and CV ready comrade!

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