Card Factory swings to loss as coronavirus hits sales

Card factory

Card Factory has swung to a half-year loss after the coronavirus crisis battered its sales. 

The greetings card specialist suffered a £22.2m statutory pre-tax loss during the six months to July 31, compared with a £24.3m profit the previous year. 

On an underlying basis, Card Factory’s pre-tax losses hit £22.3m.

The retailer’s sales slumped 49% to £100.5m during the six-month period, while like for likes in its core UK and Ireland business were down 4.4%.

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