In Markets

Mothercare to exit Taiwan

mothercare

The UK nursery and childcare products retailer Mothercare filed for bankruptcy at the end of last year and closed 79 UK stores, affecting its global market.

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Mothercare, founded in the UK by Selim Zilkha and Sir James Goldsmith in 1961, initially focused on strollers, nursery furniture and maternal clothing, but it subsequently expanded and now offers a wide range of maternity and children’s clothing, undergarments, footwear, bedding, nurturing supplies, bath care products, toys, etc. The business gradually expanded to Europe, Asia, the Middle East and Latin America, with more than 1,300 stores in nearly 60 countries.

However, with the rising competition from e-commerce, Mothercare, which mainly focuses on offline, had to admit its operating failure at the end of last year. Although the overseas market was profitable, it was difficult to fill the huge capital gap in the UK market, leading to the gradual closure of 79 stores in the UK. 

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Chico Ltd., the agent of Mothercare in Taiwan, has made an announcement on the official website of Taiwan, stating that in accordance with the adjustment of global operating strategies, Mothercare will exit the market on 30th September and from March, the store counter will no longer accept new member applications.

(Source: ETtoday)

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