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    The value of cabinet-free drive technology  Mothercare shuts up shop after nearly 60 years in business jeg empty

    The value of cabinet-free drive technology

    How Fast Is Technology Changing College Athletics? Blink, And You’ll Miss It  Mothercare shuts up shop after nearly 60 years in business jeg empty

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    What’s hot and what’s a bot – theme park digital technology predictions for 2020

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    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
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    • All
    • Gaming
    • Movie
    • Music
    • Sports
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    Dick’s Sporting Goods Is Investing Millions in Women’s Sports  Mothercare shuts up shop after nearly 60 years in business jeg empty

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Mothercare shuts up shop after nearly 60 years in business

All 79 stores to close with 2,500 jobs lost across the country

by Mehwish Khan
12th January 2020
in Business
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Mothercare shuts up shop after nearly 60 years in business  Mothercare shuts up shop after nearly 60 years in business jeg empty
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Collapsed retailer Mothercare will disappear from the high street on Sunday after nearly six decades in business.

The health, beauty and baby product chain will see all 79 of its stores closed by Sunday, with 2,500 jobs lost across the country.

Since the start of December, Mothercare has slashed prices on products with special offers including a baby Stroller selling at £69.99, down from £334.95, with an antique wardrobe initially sold for £270 dropped by 70 per cent to £81.00.

Customers were unable to access the company’s website but were urged to visit their nearest store for up to 80 per cent off on other selected items, with 37 of the 79 still remaining open on Saturday.

After 59 years in the business, Mothercare went into administration last year after struggling to compete with online shopping.

In May 2018 it secured a Company Voluntary Arrangement (CVA) restructuring deal which it said would lead to the closure of just 50 stores and affect 800 jobs.

But after a struggle in keeping up with rent and cheaper competitors, the parent business announced in November 2019 it would file a notice to appoint administrators as it could no longer “satisfy the cash needs” to keep it afloat.

Meanwhile, fellow retailer Debenhams confirmed that 19 of their 160 stores across the UK will also shut their doors for good between 11 and 19 January.

A spokesman for the chain said that 660 job losses are expected.

The struggling clothing department store entered administration in April 2019 as it sought to reduce its debt and start a major restructuring process.

It announced last year that following the January store closures, further branches are expected to shut down in 2021 to bring it to a total of 50.

Tags: Mothercare
Mehwish Khan

Mehwish Khan

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