‘All stock must go!’ Mothercare kicks off huge closing-down sale in all 79 of its remaining UK stores and online
- Mothercare is closing all its 79 retail stores in the UK and has reduced most items
- Concessions, milk, food and medicines and third party gift cards not included
- Administrators were appointed for Mothercare’s British branch on November 5
Mothercare has launched a closing down sale with all items reduced from today after going into administration.
The chain is closing all its 79 retail stores in the UK and is reducing all items apart from concessions, milk, food and medicines and third party gift cards, its website states.
Stock levels are said to remain high while warehouses are cleared out, meaning customers are offered plenty of choice – but the more popular ranges could sell out fast so potential buyers are advised to act quickly.
The website will stay live with discounts available until further notice.
Customers are advised to spend gift cards as soon as possible.
The chain is closing all its 79 retail stores in the UK and has reduced all items apart from concessions, milk, food and medicines and third party gift cards
Mothercare operates in 1,010 overseas franchise stores, which PWC say remain profitable while ‘the UK segment has been loss making for a number of years’
Product warranties and guaranties will stay valid.
A spokesperson for Mothercare said: ‘This is a great opportunity for customers to pick up some amazing deals as everything is reduced.
‘Demand will be high so don’t wait to grab a fantastic deal, especially if you’re Christmas shopping.
‘We’d also like to thank our customers for their historic support of the brand.’
PricewaterhouseCoopers (PWC) were appointed as administrators of Mothercare’s British branch on November 5.
Mothercare operates in 1,010 overseas franchise stores, which PWC say remain profitable while ‘the UK segment has been loss making for a number of years’.
Mothercare in Taff Street, Pontypridd, in December 1968. The retailer was founded by Selim Zilkha and Sir James Goldsmith in 1961
Earlier this week the new administrators the troubled retailer said it would close all its 79 shops in the UK, putting 2,500 jobs at risk.
Zelf Hussain at administrator PricewaterhouseCoopers said: ‘It’s with real regret that we have to implement a phased closure of all UK stores. Our focus will be to help employees and keep the stores trading for as long as possible.
‘This is a sad moment for a well-known high street name.’
On Monday, Mothercare said it has undertaken a review of the UK business and found that it is ‘not capable of returning to a level of structural profitability’.
It said the business is therefore unable to satisfy the cash needs of the UK arm and is therefore filing the notice as part of the restructuring and refinancing process.
In the UK, Mothercare had already closed 55 stores over the past year in a desperate bid to keep the business afloat.
How Mothercare became a high street favourite before falling on hard times
Mothercare was founded by Selim Zilkha and Sir James Goldsmith in 1961 with its first store opening in Surrey.
The retailer specialises in products for expectant mothers and general merchandise for children up to eight years old.
In 1982, Mothercare merged with Habitat and four years later Habitat Mothercare plc merged with British Home Stores.
After BHS stores were sold to Philip Green in 2000, Mothercare split from BHS and was bought by the Early Learning Centre in 2007.
In recent times, Mothercare has transformed itself into an international franchising group and trades from 1,000 stores in about 50 countries.
But last year the retailer announced it would close 50 stores after its UK business had been unprofitable for more than a decade.
Then in July this year it was announced Mothercare planned to split its British operation from its international arm.
Last week restructuring experts from accountancy giant KPMG were brought in to try and come up with a rescue package for the ailing high street store.