Clinton Cards sales not quite up to expectations
The company have issued an interim management statement which reflects the difficulties on the high street
Like for like sales for the 16 weeks to 18 November for the Group increased by 2.0%. This comprised an increase in the Clinton brand of 1.6% and an increase in the Birthdays brand of 3.1%.
At the time of our preliminary results on 9 October 2007 Clintons reported like for like sales increases for the nine week period for Clintons and Birthdays of 2.0% and 4.8% respectively. Reasonably good sales in that period did not continue into October which they say mirrors the experience of other retailers on the High Street.
The company also says they are confident of the product offering of both brands during the all important Christmas trading period and look forward to reporting progress over the Christmas period in mid January.
