Mothercare says its transformation plan is “progressing well” following its restructured store portfolio and relaunched website. These improvements have helped Mothercare narrow group underlying losses from £4.4 million in the first half last year, to £600,000 in the 28 weeks to 13th October. International profits grew by 20 percent, while the like-for-like sales trend in the UK improved. Like-for-like sales declined by 3.4 per cent for the first half of the year, against a 7 per cent decline in the same period the previous year.
In related Mothercare news, the nursery retailer has hired Argos’s finance director as its new chief financial officer. Smith will join Mothercare’s board at an unspecified date after he exits Argos.
Sarah Brown, the wife of former prime minister Gordon Brown, has been appointed as a nonexecutive director of Harrods working on the department store’s corporate social responsibility, reports the Independent.
Online green gifts Tree2mydoor.com is planning to expand internationally after relaunching its website on the Magento platform. Among the new features are enhanced navigation, improved customer account management and the introduction of a loyalty programme. The relaunch follows nine years of trading on its previous website.