Card Factory has recorded a 5% rise in group sales in the year to date and expects profits to meet expectations.
Card Factory’s like-for-like sales advanced 0.9% in the nine months of the year to October 31 but were down 0.4% in the third quarter when weak footfall took a toll.
New stores helped the specialist retailer grow its top line – 38 net new stores have opened in the year to date. The business has also been rolling out a presence in Aldi’s UK stores and expects to be in 440 of the grocer’s branches by the end of the month.
CardFactory.co.uk sales were up 16.2% in the third quarter and 21.9% in the year to date. The retailer will launch a new platform and website later this year.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.