Which mothercare closing down
The retail stalwart could soon become yet another fading memory on the UK high street. Mothercare has become something of an outdated brand that suffers from intense competition - even the name itself speaks of another time. Mothercare has essentially been hit by its own failure to adapt to the modern retail environment. The CVA saw the closure of 55 shops, and now the UK high street may lose further stores from the remaining portfolio.
It is of the utmost importance that creditors and suppliers tackle this situation head on, rather than waiting and hoping for things to improve.
Otherwise, it may be that revenue from its remaining stores was insufficient to support its head office and other overheads. Feature Resource. November 11, So, what does that All rights reserved. Alphanet Website Design Agency. This website uses cookies to improve your experience.
By continuing to browse the site you are agreeing to our use of cookies. To find out more please read our privacy policy Accept - To find out more: Read our updated privacy. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
However, in November the business announced it would file a notice to appoint administrators as it could no longer keep itself afloat. Fellow high street retailer Debenhams has also confirmed that 19 of its chains across the UK plan to shut their doors between 11 and 19 January.
The department store entered administration in April as it sought to reduce its debt and start a major restructuring process. Here is the full list of Debenham stores shutting down and the dates they are due to close:. The health, beauty and pharmacy chain Boots will start stocking Mothercare-branded products from the end of next summer, with a limited range available online in The exclusive deal secures the future of the brand in the UK for five years.
Boots will stock clothing as well as home and travel products, pushchairs and car seats, stocked at branches across the country. It is part of a plan to reduce exposure to the struggling high street, and re-align its UK business with the rest of the world where Mothercare sells through partners.
Laura Baker, mother to month-old Ella, agrees. She said: 'When I was a child, my mum came here for things for me and it's disheartening that it won't be here anymore. Naima Ashur, from Cheetham Hill, has two older children, aged 13 and 20, but says she'll still miss the store.
The queue at the till is a short one and staff seem busier dealing with the sales of fixtures and fittings than anything else. A giant board near the front of the store lists photos and prices of everything up for grabs. And it's dark times indeed for the staff forced to watch as the place is torn apart before their very eyes. A shopper passes by with a trolley full of goods, among them a box labelled 'absolutely futureproof'.
The powers that be clearly didn't think the same for the failing firm. Worker Victoria was one of the staff to transfer here from the Ancoats store. It's very sad and we're all upset. A giant board near the front of the Manchester Fort store lists photos and prices of everything up for grabs.
How Mothercare struggled to compete with online retail. In May it secured a Company Voluntary Arrangement CVA restructuring deal which it said would lead to the closure of just 50 stores and affect jobs. But after struggling to keep up with rent and cheaper competitors, the parent business announced in November it would file a notice to appoint administrators as it could no longer 'satisfy the cash needs' to keep it afloat.
A sign outside a closed Mothercare store at Aintree Retail Park, Liverpool on the company's final day of trading. This was the deserted scene today at Mothercare's branch in Bromborough, in Wirral, Merseyside, which closed on Friday.
The empty Mothercare store is among 79 stores that are set to close by the end of the week - putting 2, people out of work. At the Mothercare branch in Bromborough, shelves appeared empty as the stored waved farewell to its customers. The retailer, which was once a thriving high-street store, went into administration after struggling to compete with online shopping and will now shut down its remaining stores across the UK. The store, initially focused on pushchairs, nursery furniture and maternity clothing, before expanding its business and catering for a range of items.
Mothercare's first shop catering for expectant mothers opened on September 19, , at Thames Street in Kingston, South West London. On January 8 the high street retailer took to Twitter to tell customers their items were on sale and said all stores were closing this week. The store, which was founded by Selim Zilkha and Sir James Goldsmith in , displayed the vast array of items that are currently on sale. The retailer specialised in products for expectant mothers and general merchandise for children up to eight - with an initial focus on pushchairs, nursery furniture and maternity clothing.
0コメント