Card Factory online sales soar 120 per cent over lockdown July 28, 2020 Card Factory has avoided its worst case scenario of a staggering drop in store sales since the end of lockdown, it said today, as digital sales soared 120 per cent during the quarantine period. The greetings card retailer said today that store sales have plunged 21.6 per cent year on year since mid-June, better than [...]
Card Factory scraps dividend as higher costs hit profit June 2, 2020 Card Factory today scrapped its full-year dividend as higher costs and the ongoing impact of Covid-19 weighed on profit. The figures Card Factory reported revenue of £451.5m for the year to the end of January, up 3.6 per cent year on year. Like-for-like sale dipped 0.5 per cent over the year. Underlying profit before tax [...]
Card Factory opens new distribution centre to cope with surge in online demand May 6, 2020 Card Factory has opened a new distribution centre to keep up with a surge in online orders during the coronavirus lockdown while maintaining safety measures for warehouse staff. The retailer said the Card Factory website saw sales soar 267.5 per cent during lockdown, while its Getting Personal brand reported a 57.5 per cent jump in [...]
Card Factory shares dive as retailer warns on profit January 9, 2020 Shares in Card Factory plunged more than 19 per cent this morning after the retailer warned that profits will be lower than expected following a challenging Christmas trading period. The high street chain said full-year adjusted underlying earnings before interest, tax, depreciation and amortisation (Ebitda) will be in the range of £81m to £83m, reflecting [...]
New store openings drive revenue increase at Card Factory November 14, 2019 Card Factory has reported a jump in revenue this year driven by sales at new stores and a boost in online trading, as sales at existing stores slumped due to falling high street footfall. In the nine months to 31 October revenue increased five per cent as Card Factory grew its store portfolio with 38 [...]
Card Factory posts sales boost despite ‘challenging’ market conditions June 5, 2019 Card Factory has posted a modest rise in sales for the first quarter as strong performance in its range of seasonal cards helped offset tough conditions on the high street. Like-for-like sales rose 2.3 per cent in the three months to the end of April as the firm cashed in on a spike in demand [...]
Fund manager Neil Woodford doubles stake in Card Factory despite high street woes May 13, 2019 Former star trader Neil Woodford has doubled his stake in Card Factory despite high street footfall woes hitting the retailer’s sales last year. Woodford Investment Management has increased its stake in the greeting cards retailer to 10.06 per cent, in a significant bet on the company boosting its performance. Read more: Neil Woodford's billion-dollar baby [...]
Card Factory sales flat as high street footfall drops April 16, 2019 Card Factory saw sales remain flat last year as high street footfall levels dropped, the greetings card company announced this morning. The figures Card Factory’s like-for-like sales dipped 0.1 per cent while overall revenue rose 3.3 per cent to £436m in the year to the end of January 2019. Underlying earnings fell 4.9 per cent [...]
Fears over business rates mount as Britain’s major retailers prepare to form action group January 13, 2019 Some of Britain’s biggest retailers are coming together in an urgent bid to seek business rates relief from the government, City A.M. has learned. Around 50 major high street names are joining a mass lobbying effort to curb forthcoming rises in their property tax, as profits plunge in the face of falling sales and online [...]
Card Factory reports flat sales for the full year amid challenging retail conditions January 10, 2019 Card Factory today reported a marginal slip in sales amid a tough consumer environment for high street retailers. The greeting card specialist said like-for-like sales dipped 0.1 per cent in the 11 months to the end of December, down from a three per cent increase the year before. The firm saw revenue growth of 3.4 [...]