The maternity and childrenswear retailer has signed up with Middle East franchise partner M.H. Alshaya for a lease on an Arbil site in Northern Iraq. Mothercare will join Carrefour in the region, which also operates a store in Arbil. Although the chain’s UK store portfolio is set to lose 110 high street outlets, Mothercare’s international expansion couldn’t be more different. Worldwide sales rose by 16.3 percent to £570.9 million in the last financial year to 26 March. The retailer, which will debut stores in South America over the next few months, is expected to grow overseas revenues by 15 percent to 20 percent for the current year.Saturday, August 6, 2011
maternity clothes on sale Mothercare confirms Iraq opening swimoutlet
. maternity clothes on sale Mothercare confirms Iraq opening swimoutlet
The maternity and childrenswear retailer has signed up with Middle East franchise partner M.H. Alshaya for a lease on an Arbil site in Northern Iraq. Mothercare will join Carrefour in the region, which also operates a store in Arbil. Although the chain’s UK store portfolio is set to lose 110 high street outlets, Mothercare’s international expansion couldn’t be more different. Worldwide sales rose by 16.3 percent to £570.9 million in the last financial year to 26 March. The retailer, which will debut stores in South America over the next few months, is expected to grow overseas revenues by 15 percent to 20 percent for the current year.
The maternity and childrenswear retailer has signed up with Middle East franchise partner M.H. Alshaya for a lease on an Arbil site in Northern Iraq. Mothercare will join Carrefour in the region, which also operates a store in Arbil. Although the chain’s UK store portfolio is set to lose 110 high street outlets, Mothercare’s international expansion couldn’t be more different. Worldwide sales rose by 16.3 percent to £570.9 million in the last financial year to 26 March. The retailer, which will debut stores in South America over the next few months, is expected to grow overseas revenues by 15 percent to 20 percent for the current year.