Mothercare to close third of UK stores
Struggling retailer Mothercare is to close a third of its stores in the UK in a move affecting 730 jobs.
The mothers-to-be, babies and children's group revealed plans to cut the number of stores in the UK from 311 to 200, including 36 Mothercare sites.
It will also shut 75 Early Learning Centres, following months of weak trade.
While the firm's UK arm has struggled as consumers cut back on spending, its international business has expanded.
Manoj Ladwa from ETC Capital told the BBC, "Mothercare was not quick enough to respond to changing retail market".