Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
The greetings card and gifting specialist said like-for-like sales since reopening were down 22% year on year. That compared with a forecast drop of 50% during the first month of reopening.
Card Factory said that while the number of transactions made through its shops had fallen compared with 2019 levels, average spend had jumped 25%.
The group’s online sales have also soared amid the coronavirus pandemic. Like for likes through its Cardfactory.co.uk and Gettingpersonal.co.uk websites are up a combined 69% in its financial year to date.
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.