Mothercare to slash its costs after posting loss of �103m

James Thompson
May 2012
Evening Standard;5/24/2012, p62
THE new chief executive of Mothercare has vowed to be "ruthless" in cutting its UK costs, compete more aggressively on price and drive online growth to turn around the calamitous performance of its domestic operation. Simon Calver, who joined the mother and baby group in April from DVD rental firm Lovefilm, today unveiled his turnaround plan to restore the UK business to "acceptable levels of profitability" in three years.


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