Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

730 jobs
Number of planned job losses
Job loss
Announcement Date
12 April 2012
Employment effect (start)
Foreseen end date

Description

Clothing and baby goods retailer Mothercare has announced plans to close 111 stores across the UK resulting in the loss of 730 jobs. The closures are blamed on a 9.5% fall in sales. The move is a part of a wider cost cutting program which includes reductions of UK head office payroll costs.


Sources

  • 12 April 2012: The Guardian

Citation

Eurofound (2012), Mothercare, Closure in United Kingdom, factsheet number 73480, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73480.