International retailer Mothercare reported a decline in full year pre-tax profit, but there are some positive signs. Yet the share price is not much higher than the level it was at the height of the Covid-related stockmarket slump in March 2020. The AIM-quoted share price did jump 10.8% to 4.6p on the results announcement, though.
Refinancing debt and the implementation of new IT should help the retailer to improve its profit performance and provide a base for when the retail market starts to recover. Mothercare may be worth a look.
Mothercare is a pure franchise brand, and it generates...
