Newbury branch of Mothercare under threat of closure

The babywear retailer had already closed 62 stores, three Mothercare and 59 Early Learning Centres, during 2011/12, taking its total UK store base to 311.
But the company has now announced the closure of a further 111 stores, 36 Mothercare branches and 75 Early Learning Centres, during the next three years to March 2015.
At present, Mothercare Plc is refusing to say whether its branch of Mothercare in Newbury Retail Park, Pinchington Lane, will close.
Newbury shoppers could find out whether their local store will close when Mothercare Plc’s new chief executive officer, Simon Calve gives more information on the closures on May 24.
Executive chairman of the babywear firm, Alan Parker said: "Since November, a significant amount of progress has been made across the business. We launched a structural and operational review, appointed a new CEO, closed a significant number of underperforming stores and commenced a consultation programme to streamline our head office function. We have also introduced immediate initiatives aimed at improving value and service for our customers.
"We have announced the framework of our decisive three year strategy to restore the UK business back to profit and strengthen our foundations for growth. This will see us operate a lean, more competitive business, focused on the existing profitable stores in a smaller UK portfolio, combined with a state of the art online platform. Our International business continues to perform strongly and we plan to further accelerate growth.”