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Mothercare issues profit warning
Mothercare has issued a profit warning after the snow hit its UK business.
Like-for-like sales in the last three months of 2010 dropped four per cent as the freezing conditions caused “widespread disruption”.
Toy sales were hardest hit after the firm cut off Christmas online orders early to ensure delivery.
Chief executive Ben Gordon said: “We estimate that the weather disruption has reduced UK like-for-like sales in the third quarter by approximately four per cent, with toy sales particularly affected.”
The company’s international performance was more positive with sales at its overseas franchises up more than17 per cent.