Mothercare’s official closing down sale has begun in all 79 of its UK stores. Where can you get amazing deals?
Administrators PricewaterhouseCoopers said customers can expect to find a “huge range of discounts and bargains as all stock must go before stores are closed for the final time”.
Sadly, the closures mean 2,500 jobs are at risk.
When will Mothercare stores close?
The company has released no timeline for closures, but the branches are expected to shut when stock is sold off.
The company has tried and failed to remain profitable in the changing retail climate.
The brand said: “It has become clear the UK retail operations… are not capable of returning to a level of structural profitability and returns that are sustainable.”
List of Mothercare stores closing
All Mothercare stores in the UK are closing. This includes the likes of:
- Crystal Peaks
- Kings Lynn
- Grafton Cente Cambridge
- Holloway Road
Twitter users are lamenting the loss of the high street staple, and many blamed austerity
One wrote: “So #Mothercare is the newest collapse? I think we need to start blaming things other than the online stores, because I’m pretty sure buying baby stuff online is far more expensive. Maybe austerity and the f****** price hikes thanks to the government?”
Another said: “Austerity squeezed people’s purchasing power and turned town centres to economic deserts – Now Mothercare is teetering & plans to appoint administrators.”
“I remember going into mothercare in Watford as a kid and I would always go up to the talking tree to say hi,” one wrote sadly.
What is the latest when it comes to Mothercare pensions?
Sky News reported that pension trustees are in talks to plug a £139m deficit in the companies pensions.
The company has two employee pension schemes, with nearly 6,000 members, into its parent company.
This would preserve pensions for the companies employees, as a source told Sky News directors want “to do the right thing”.