Mothercare has announced that it made pre-tax losses of £6.2 million in the 28 weeks to 26th October. In the same period last year, they made a loss of £2.6 million.
Like-for-like sales were down 11.1% in the period.
The company has planned to save £19 million in costs by restructuring. It has a plan to cut its store portfolio to less than 80 stores by April 2019, which is three months ahead of its initial target.
Mark Newton-Jones, chief executive of Mothercare, said: "Over this period, we have continued our relentless focus to transform Mothercare into a business that has a sustainable and relevant future for its global customer base.
“We have completed the capital restructuring of the business, the UK store closure programme is well underway and due for completion earlier than planned, we are making our sourcing operations more efficient and our cost-saving initiatives are well on schedule.
“This momentum has allowed us to focus on revising the overall structure of the group, something which will help drive a greater focus on becoming a stronger global brand, with improved product design, marketing and distribution of Mothercare products around the world.”
