Could Salisbury's Mothercare store go?

Mothercare - Southampton Road

Published by The Spire FM News Team at 7:46am 17th May 2018. (Updated at 8:20am 17th May 2018)

Company has announced it's to shut 50 stores across the country.

Mothercare has confirmed that it plans to close 50 stores as part of a rescue plan for the beleaguered babycare retailer.

More than a third of it's stores will go over the next 12 months, it's not yet know if that will include the Salisbury branch at Bourne Retail Park. 

As part of the rescue plans the company is also going to re-hire the chief executive, Mark Newton-Jones, it sacked just 36 days ago.

Mothercare plans cuts to its UK store estate under a company voluntary arrangement (CVA), a plan which must be approved by creditors which would also see rent reductions at 21 further outlets.

Clive Whiley, Mothercare's interim executive chairman, said:

"The recent financial performance of the business, impacted in particular by a large number of legacy loss-making stores within the UK estate, has resulted in an unsustainable situation for the Mothercare brand, meaning the group was in clear need of an appropriate resolution."

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