Mothercare store closures – which stores are closing and how many jobs are being cut?

MOTHERCARE will have to close 50 of its shops — one third of its UK operation — in a drastic attempt to avoid going bust.

Sky News reports the chain is to form a restructuring plan, which includes rehiring its ousted chairman Mark Newton-Jones.

It is understood the 50 shops will all shut in the next 12 months and many will lose their jobs as a result.

Mothercare is reportedly taking steps to avoid administration
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Which stores are closing?

It is unclear at this early stage which shops have got the axe.

It is understood Mothercare will reveal the 50 stores in a full statement on Thursday.

But there are 137 in total in the country. Many of these have reportedly been struggling to compete with cheap supermarkets in recent times.

The firm was founded in 1961 but has struggled to compete with cheap supermarkets in recent years
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How many jobs are being cut?

Again, this exact figure is expected to be confirmed in Thursday’s statement.

However, Sky News estimates fewer than 1,000 employees will lose their posts.

Mothercare, which was founded in 1961, has more than 3,000 employees in the UK in total.

The company’s headquarters are in Watford, Hertfordshire.

Toys R Us went into administration this yearst
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Does the decision reflect modern times on our High Street?

Sadly, the move follows a number of our favourite chains to either announce administration or closure stores.

Toys R Us went bust earlier this year and since shut most of its UK operations.

And New Look, Carpetright, House of Fraser, Prezzo and Byron Burger have all announcing closures recently.

Posh burger chain Byron will shut four branches in the UK, The Sun Online exclusively told recently.

 

https://www.thesun.co.uk/money/6305863/mothercare-closures-which-stores-closing-jobs-cut-uk/