Mothercare to offload 121 stores

Monday, 09 May 2011
Mothercare has sent out a list of 121 UK outlets to potential buyers, as the company is going forward with the intention to close its shops.

The childrenswear retailer has already announced it is to bring down the shutters on 30 shops this year but the new list could lead to many more being sold. Working with property agent CB Richard Ellis, it began circulating the confidential list among other retailers last week. It contains the details of 32 loss-making shops that are a priority to close, and a longer list of shops to sell if the right price is offered. The list also includes Early Learning stores – the chain Mothercare bought in 2007.
 

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