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Mothercare at risk after closures announced

 Published on: 12th June 2018   |   By: Jason Allen   |   Category: Uncategorized

Baby retailing giant Mothercare could be set to leave Watford within the year after announcing the closure of 50 of its outlets due to profit losses and slow sales.

The move could see parents having to travel further afield to compare larger ticket items such as prams, pushchairs and cots although the fate of its Stevenage, Harlow and Aylesbury stores are also hanging in the balance.

The fate of the store in Watford Arches Retail Park could not be confirmed by Mothercare spokesman Alistair de Kare-Silver, who admitted “regret” for the impact the closures would have on jobs.

Asked if Watford was among the stores earmarked for closure, he said: “I’m afraid we can’t go into those details.

“We can’t comment on individual store closures. We regret having to close stores and the impact this will have on colleagues. However, we had no alternative to executing a Company Voluntary Arrangement.

“The business was in an unsustainable situation and was in clear need of an appropriate resolution.”

Earlier this month, Mothercare laid out plans to stabilise the company’s financial future with focus shifting from the High Street to online sales. Included in its money saving measures are the closures of 50 of the company’s UK shops within the next 12 months, with further closures expected next year.

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