excluded Russia from its forecasts given the uncertainty around when stores may reopen<\/strong>.<\/p>\nMothercare expects Russian store closes to impact its results by approximately \u00a36 million for the financial year 2023.<\/p>\n
Clive Whiley, Chairman of Mothercare, said: \u201cWhilst we must now deal with the impacts of the suspension of our franchise partner\u2019s operations in Russia, we retain the resilience to deal with this additional challenge satisfactorily. We continue to drive initiatives designed to maintain momentum in improving profitability particularly when we return to more normal pre-pandemic levels of business.\"<\/p>\n","protected":false},"excerpt":{"rendered":"
[…]<\/p>\n","protected":false},"author":100,"featured_media":199513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10488,10585,6,10494],"tags":[9866,11222,4637],"acf":[],"yoast_head":"\n
Mothercare net sales rise despite COVID-19 impact - TheIndustry.fashion<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n