BRIEF: For the fiscal year ended 28 March 2009, Mothercare plc's revenue increased 7% to GBP723.6M. Net income totaled GBP30.3M, up from GBP100K. Revenues reflect an increase in income from UK and International regions. Net income also reflects a decrease in administrative expenses, lower loss on disposal of property interests and an increase in operating profit. The Company provides product for mothers-to-be & children up to eight years old.
Mothercare PLC is a specialist retailer of products for mothers-to-be, babies and children up to the age of eight. The Company offers a range of maternity and children’s clothing, furniture and home furnishings, bedding, feeding, bathing, travel equipment and toys through its retail and Internet operations in the United Kingdom, and also operates internationally through retail franchises in Europe, the Middle East, Africa and the Far East under the Mothercare brand name. It has two brands: Mothercare and Early Learning Centre. The Company organised into two operating segments: United Kingdom and International. The Company’s subsidiaries include Mothercare UK Limited and Chelsea Stores Holdings Limited. On September 8, 2009, the Company announced the acquisition of the remaining 50% of its joint venture interest in Gurgle Limited, from Fleming Media. The acquisition gives the Company full ownership of gurgle.com.