Simon Calver will be the new CEO for Mothercare, specializing in maternity clothes and baby items. Calver will start at the end of April, and he must work to turn around this distressed business. Mothercare has low sales in the UK, but its international division is slowly growing. Executives want to reduce Mothercare retail locations in the UK by 100 stores to cut overall costs.
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Mothercare’s profit fall adds to new boss’s woes