// Mothercare to launch closing down sale this Friday
// The sale will help Mothercare move along with its UK store closure programme
// Mothercare’s international arm is continuing to trade profitably
Mothercare has announced it will be launching a closing down sale this Friday with nearly all products “dramatically reduced” following its administration earlier this week.
The British retailer aims to accelerate its 79 store closures with the closing down sale.
PwC administrators were appointed on Tuesday to close down Mothercare’s UK retail business, resulting in the loss of more than 2800 jobs within the next few months.
- Mike Ashley to stop “saving” retailers as Mothercare collapses
- 2800 jobs affected, 79 stores to shut as Mothercare falls into administration
- Mothercare seeks to move UK pension schemes into parent company
Jobs at Mothercare’s warehouse and call centres are also at risk.
Meanwhile, Mothercare’s international arm is continuing to trade profitably, with over 1000 stores in more than 40 countries, all run via franchise agreements.
Only 50 UK head office staff will remain to deal with running the international business.
Mothercare said any product warranties or guarantees would remain valid and customers should spend any gift cards as soon as possible in the UK.
“This is a great opportunity for customers to pick up some amazing deals as everything is reduced,” A Mothercare spokesman said.
“Demand will be high so don’t wait to grab a fantastic deal, especially if you’re Christmas shopping. We’d also like to thank our customers for their historic support of the Mothercare brand.”