Mothercare’s revenue dropped 45% due to closing stores and ending the Boots partnership. EBITDA fell to £0.8m, with a £0.5m loss from operations. Online sales increased to 11% of total. Debt reduced to £5.8m. Partnerships in Turkiye and India show promise for future growth.

Mothercare’s joint venture with Reliance Brands in South Asia aims to increase retail sales to £300m in five years. In Turkiye, an agreement with Ebebek Mağazacılık allows exclusive use of the brand for a decade. Global expansion plans include enhancing product ranges and licensing agreements.

Despite challenges, Mothercare aims to rebuild globally and in the UK. Discussions focus on refinancing debt facilities and increasing business volumes. No significant closures anticipated. The company looks forward to new opportunities in the coming year.

Read more at Yahoo Finance: Mothercare swings to loss after first-half profits, revenues plummet