Mothercare will shut 60 stores across the country by June 2019, it has been announced today.
Some 50 were previously planned to close, but the chain has opted to close a further 10.
This will mean a potential 900 job losses across the branches, according to a BBC report.
This is down to a lack of investment, Mothercare’s chief executive Mark Newton-Jones told the Today programme this morning.
The closures will be from the Childrens World division, which is currently going into administration. Childrens World accounts for 21 stores across the country.
Mothercare UK store closures – full list
Previously, Mothercare announced the closure of 50 under-performing stores last month.
The full list is: Inverness, Kirkcaldy, Fort Kinnaird, Coatbridge, Bangor Northern Ireland, Londonderry, North Shields, Doncaster, Bradford, Rotherham, Crystal Peaks, Llandudno, Stockport, Macclesfield, Stafford, Walsall, Denton, Blackburn, Bedford, Kings Lynn, Grafton Cente Cambridge, Clacton, Holloway Road, Bexleyheath, Hounslow, Wandsworth, Brixton, Sutton, Croydon 187, Colliers Wood, Eltham, Bromley, Maidstone, Brighton, Worthing, Guildford, Aldershot, Portsmouth, Newbury, Reading 246, Salisbury, Newport Wales, Weston Super Mare, Yeovil, Exeter, Plymouth (although a relocation is planned), and Newport Isle of White, plus Early Learning Centres in Plymouth and Harrogate.
Mark Newton-Jones added in the Today interview: “We will really be able to speed up the transformation, and by God we need to speed up the transformation, because the retail landscape is pretty brutal at the moment.”
The restructuring plan won the support of creditors who recently backed a company voluntary arrangement (CVA).
A statement on the Mothercare company website has addressed the restructuring plans.
Clive Whiley, Interim Executive Chairman, said: “When I joined the business just three months ago, Mothercare faced a bleak future with growing and pressing financial stresses upon the business. We have worked tirelessly as a team to get to where we are today and this fully underwritten equity issue marks the end of this initial phase, returning the Group to financial stability.
“This could not have happened without the support of all of our stakeholders for which we are very grateful.”
Mark Newton-Jones added in the statement: “Alongside the fundraising, we have been very busy on numerous fronts to restructure the Group for future profitability.
“Whilst the lack of full approval for the Childrens World CVA was disappointing, we have now found a solution which allows us to go further and faster with the right-sizing of our store portfolio.
“We have also identified significant areas for further efficiencies and cost savings, which will underpin our return to a sustainable future.”
Mothercare isn’t the only UK retailer to suffer in recent months.
Waitrose announced it was closing down five stores across the UK last month.
Owners John Lewis Partnership said they would close four convenience shops and one small supermarket across the Waitrose franchise.
In a press release, Sir Charlie Mayfield, Chairman of the John Lewis Partnership, said the plans will help the retail giants “emerge stronger”.
He said: “The John Lewis Partnership is a unique business with different ownership, a different purpose and a different outlook to any of our competitors.
“As retail changes we need to tread a path that enables us to thrive as a business while building on the qualities that make us different.