Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 6°C

Search

Retail: Simon Calver steps down as Mothercare chief executive

PUBLISHED: 08:09 24 February 2014 | UPDATED: 08:09 24 February 2014

Simon Calver has stepped down as chief executive of Mothercare.

Simon Calver has stepped down as chief executive of Mothercare.

The boss of under-pressure retailer Mothercare has resigned after less than two years in the role.

Simon Calver’s exit as chief executive with immediate effect comes six weeks after the company issued a profits warning due to poor Christmas trading in the UK.

Mr Calver was a surprise choice to run the baby products retailer in April 2012 after seven years at the helm of internet movie rental firm LoveFilm.

He has overseen a major store reduction programme but the company, which includes the Early Learning Centre, has struggled to revive profitability in the face of fierce competition from supermarkets and online retailers.

Mothercare gave no reason for Mr Calver’s resignation but stressed that there has been no change in the company’s trading position or strategy.

The rest of Mothercare’s executive team will take on the running of the business while the search for Mr Calver’s replacement takes place.

Chairman Alan Parker said Mr Calver had made progress in implementing the company’s turnaround programme.

He added: “In particular, Simon Calver’s e-commerce expertise has allowed Mothercare to accelerate its development as a multi-channel retailer in the UK.

“Mothercare has a strong executive management team which is very capable of running the business in the interim while the search for a new chief executive is under way.”

Mr Calver’s contract entitles him to £250,000 in lieu of six months’ notice. The group, which has around 230 stores under the Mothercare and Early Learning Centre brands, made a loss of £21.7 million in the UK during its most recent financial year.

Last month, analysts said they expected a deficit of around £18million in the current year to the end of March, although stronger trading by international franchise stores meant the company was still set to make a profit.

Search hundreds of local jobs at Jobs24

1 comment

  • lovefilm to mothercare [ a sort of same thing] i would have thought this was a job for a woman.250 thousand for another failure.

    Report this comment

    TERENCE MANNING

    Monday, February 24, 2014

Jack Stein, Rick Stein’s middle son, and Paul Rankin, will put on three shows each day of the festival.

St Elizabeth Hospice’s new store in Gloster Road, Martlesham, opened its doors to the public on Friday with the help of one of its patients.

Mike Spenser-Morris, of NHP Holdings, would pump millions of pounds into the proposed Travelodge and Starbucks development in Bury St Edmunds.

Over a £1,000 was raised for national gardening charity Greenfingers after Perrywood Garden Centre and Nurseries in Tiptree, Essex held a quiz night earlier this month.

The UK is almost bottom of a European league table for maternity leave, according to a new study.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24