Mothercare ‘marginally’ maintains profit despite sales decline

Mothercare managed to stay “marginally” in profit in its pre-close trading statement, despite seeing a decline in retail sales.
The nursery retailer said its adjusted EBITDA for the year ended 30 March was marginally above the £6.7m seen in its previous year, remaining in line with market expectations.
Draft figures for its unaudited net worldwide retail sales by franchise partners reached £281m for the period, marking a 13% drop from last year.
Mothercare attributed its