Sunny

Sunny

max temp: 1°C

min temp: -0°C

ESTD 1874 Search

Retail: Simon Calver steps down as Mothercare chief executive

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

The OrbisEnergy building in Lowestoft.
 Picture: TMS MEDIA

Businesses in north Suffolk are being invited to have their say on the development of a Strategic Planning and Infrastructure Framework (SPIF) for Suffolk.

Greene King's latest survey of leisure spending shows households spent more on eating and drinking out last Christmas.

Britons pushed the boat out over the festive period, spending more on eating and drinking out of the home compared with a year earlier, according to the latest Greene King Leisure Spend Tracker report.

Ipswich estate agent Tom Orford who is running the London Marathon in April  to raise funds for The Lymphoma Association cancer charity

Ipswich-based estate agent Tom Orford is taking on his greatest sporting challenge - to raise money for The Lymphoma Association.

Employees at Richard Western Ltd near Framlingham have been studying for a Business Improvements NVQ. They all met the required standard.

A Suffolk factory has reported improved output after all its staff were enrolled on an 18-month team-building course.

Royal Mail has revealed a sharp drop in letter mailing in the busy festive season, leaving the number of addressed letters down 6% in the nine months to December 25.
Photo: Andrew Milligan/PA Wire

Royal Mail has revealed a sharp fall in letter mailing during the busy festive season, blaming business worries over Brexit hitting marketing post.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24