Clinton Cards sales subdued
Christmas spend ‘did start later than expected’
Like for like sales in the five weeks to 4th January 2009 showed an improvement in the sales trend with the Clinton brand 4.1 per cent lower and the Birthdays brand 3.9 per cent lower. As a result, Group like for like sales for the same period were 4.1 per cent lower. Like for like sales in the 23 weeks to 11th January 2009 were 6.2 per cent lower in the Clinton brand and 4.1 per cent lower in the Birthdays brand. As a result, Group like for like sales for the same period were 5.7 per cent lower.
Don Lewin, Chairman commented that ‘Christmas spend did start later than expected but in a difficult and unpredictable market both brands held up relatively well with only a small amount of planned promotional activity’.
