Card Factory sales ‘exceed expectations’ as it completes refinancing

Card Factory

Card Factory has reported strong demand following its stores reopening in April.

The specialist retailer said that performance in stores has exceeded its own predictions and those realised from the end of previous lockdowns in the UK.

Card Factory recorded like-for-like store sales were down “marginally” compared with 2019 as shoppers returned to high streets.

It said that, to date, a rise in average transaction values offset the decline in footfall numbers, with customers shopping less frequently but buying more.

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