Mothercare’s interim results confirm that trading conditions remain challenging, with no sign of an imminent recovery. Nevertheless, it continues to make good progress against its strategic priorities: the JV deal with Reliance Brands and subsequent refinancing (announced on 17 October 2024) transformed Mothercare’s balance sheet, leaving it better positioned to navigate the tougher market conditions. Management is now focused on delivering growth opportunities, which reflect Mothercare’s latent ....
