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  • "
    southy wrote:
    Torchie1 wrote:
    hulla baloo wrote:
    Retail parks caused the demise of the traditional high street, and now they are suffering, probably due to internet shopping.
    It's called progress and if I understand the ramblings correctly, Tusc have promised to ban it.
    Still trying to pass on your false propaganda Torchie.
    How much more do you think the country can take before the majority take things in there own hands and start to force things to happen in favour of Socialism, Keep pushing that unemployment figure up and it will come, people will get fed up with this Capitalist world of yours and force it to come to an end.
    They are not suffering because of the Internet shopping, they are suffering because people don't have money to spend
    Unfortunately Minion of the Milliband, it's all falling apart for you isn't it?

    People are going to 'force it to end' are they?

    Pray tell how? Will it be rioting in the streets, I would hope not after you've accused capitalists of being 'aggressive' in the past.

    Perhaps the ever busy Diana Holland can spare some time in her busy schedule when she's not taking you for a complete mug?

    Or maybe you & your mate Kev?

    Still waiting on your revolution... yawn..."
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Mothercare to close 111 more stores putting 730 jobs at risk

10:16am Thursday 12th April 2012 in Hampshire Business

Mothercare to close 111 more stores putting 730 jobs at risk Mothercare to close 111 more stores putting 730 jobs at risk

Struggling retailer Mothercare, which has a flagship outlet in Southampton, said today will close 111 UK stores over the next three years putting 730 jobs at risk.

The mothers-to-be, babies and children's group revealed plans to cut the number of stores in the UK from 311 to 200, which will include 36 Mothercare sites and 75 Early Learning Centres, following months of weak trade.

Mothercare has Hampshire stores at WestQuay Retail Park in Southampton as well as Basingstoke, Farnborough, Aldershot and Newport on the Isle of Wight.

The announcement came as the group revealed a further deterioration in UK like-for-like sales, which fell 9.5 per cent in the 12 weeks to March 31, compared with 3 per cent in the previous quarter.

Mothercare said as part of its cost-reduction programme it would slash UK head office payroll costs by up to 16 per cent, which will equate to around 90 roles.

The remaining 200 stores will be ''profitable'', the group said, and will comprise 95 out-of-town sites and 105 high street locations, while the closures will improve UK profits by £13 million by March 2015.

Mothercare has already closed 62 stores in the current financial year, three Mothercare outlets and 59 Early Learning Centres.

While the group has suffered at home, it is being propped up by a strong performance overseas, where it has 1,000 stores, with international sales growing 18 per cent in the fourth quarter. Mothercare pledged to accelerate its international expansion.

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