Mothercare confirms 50 closures in rescue plan

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Newscast

Mothercare has confirmed it is closing 50 stores as part of a rescue plan.

The struggling retailer has also agreed a rent cut with landlords for 21 of its stores. The closures will leave it with 78 stores by 2020.

The company confirmed it would reappoint the chief executive who left in April after poor Christmas trading and a profits warning.

Mark Newton-Jones had been replaced in the job on 4 April after four years in charge of the baby goods retailer.

Mothercare confirms 50 closures in rescue plan

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