Mothercare speeds up its foreign plans

first_img whatsapp whatsapp Mothercare speeds up its foreign plans by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ KCS-content Sharecenter_img Thursday 9 December 2010 7:15 pm Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap MOTHER and baby products retailer Mothercare is accelerating its expansion overseas, particularly in India, and has raised its profitability target for international stores.Mothercare, which is taking analysts on a tour of its operations in India, said yesterday it expected total overseas network sales to double to £1bn by 2014. As well as expansion in many of its existing 53 markets, Mothercare said it had identified Latin America, Scandinavia, Japan, South Korea, Vietnam and north Africa as areas for future growth. It will open 175 overseas stores in its 2010-11 financial year, up from previous guidance of 150, and 150 a year from 2011-12 onwards, up from a previous target of 100. That will increase overseas selling space by about 15-20 per cent a year.Mothercare, which has been battling a tough consumer backdrop in Britain, said it would have 70 stores in India by March, and would increase that to at least 200 by March 2015. It is also targeting a 20-30 basis point increase in international profit margins per year, up from its previous goal of 10-20 basis points.“We can see a clear path to £65m pre-tax profit by March 2014, at which time the international operations could represent two-thirds of group contribution and will still be growing at around 15 per cent,” said Numis analysts, which have a “buy” rating on Mothercare shares.However, Seymour Pierce’s Kate Calvert remained concerned about growing competition in the group’s main British market from supermarket groups like Tesco and Asda“While longer term Mothercare will be a great play on global growth, we remain concerned over the underperformance of its UK business, which still contributes the majority of the company’s profits,” she said. last_img

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