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Mothercare recaptures past glories – Financial Orbit’s Bailey

Chris Bailey, founder of market analysis company Financial Orbit, tells Proactive Investors that Mothercare plc (LON:MTC) had “recaptured past glories” by returning to first principles after losing its way.
On the day the baby goods chain reported its first profit in five years, UK retail sales data from the Office for National Statistics revealed sales volumes rose strongly in April with sales 1.3% higher in the month compared with March.
In terms of that data, Bailey said “people are buying more, but spending less” as the UK population mulls the uncertainties surrounding the upcoming EU referendum vote on June 23rd.

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