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Mothercare recovery hopes dwindling

Mothercare recovery hopes dwindling

High-street chain Mothercare (MTC) has issued a profit warning just six weeks after a dismal set of half-year results put the mum-and-baby chain £17m into the red. Moving into the third quarter, the group’s performance in the UK has been further harmed by poor footfall numbers and a squeeze in consumer spending – something that has affected both store and online sales.

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