Mothercare's UK operations collapse as High Street woes rage on
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(Reuters) - Mothercare is set to close all its British stores with the loss of at least 2,500 jobs after its domestic operations buckled under the weight of the pressures plaguing the retail sector. The company, a baby products retailer that operates 1,010 overseas franchise stores, has fallen victim to extremely difficult conditions in Britain on the back of stiff competition from online retailers and rising costs. "The UK high street is facing a near existential problem with intensifying and..