THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
KNOWLEDGE CENTRE
PARTNER DATABASE
ABOUT US
CONTACT US
REGISTER
Card Factory like-for-like store sales up 2.8%

Greeting cards retailer Card Factory grew its like-for-like store sales by 2.8% in the 11 months to 31 December. Total sales climbed by 8.1% in the period.

GENERAL MERCHANDISE

Card Factory like-for-like store sales up 2.8%

The retailer said the like-for-like sales growth was boosted by a strong increase in sales of non-card products, which continued throughout the Christmas trading period.

Some 50 net new stores were opened in the 11 months to bring the total estate to 814 stores at 31 December 2015. The retailer said it is confident that it can continue its historic opening rate of approximately 50 net new stores per annum.

Card Factory’s principal online business, Getting Personal, continued to achieve the targeted double digit revenue growth in the second half. As highlighted in the retailer’s interim results, the strong growth was, as expected, at a lower level than the 24.9% revenue growth achieved in the first half given the much tougher comparative in the second half of last year when turnover increased by 27.1%.

The retailer said its trial of its relaunched Card Factory transactional website is progressing well.

Richard Hayes, Card Factory chief executive, added: “As we approach the end of our financial year, it is pleasing to report that the Group has continued to perform well through the important and competitive Christmas trading period.

“We remain on course to deliver sales growth at a similar level to last year, highlighting once again the strength and consistency of our retail proposition and performance, underpinned as ever by our unique vertically integrated model.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe for retail news

RETAIL EVENTS

TRB CONFERENCES
Omnichannel Summit 2018
Omnichannel Summit 2018
7 February 2018
The Cavendish Conference Centre, London W1
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Retail Customer Engagement Summit 2018
Retail Customer Engagement Summit 2018
5 June 2018
Cavendish Conference Centre, London W1
The 9th Annual Retail Customer Engagement Summit
Retail Human Resources Summit 2018
Retail Human Resources Summit 2018
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
TRB FORUMS
GDPR for HR Q&A
GDPR for HR Q&A
24 January 2018
6th Floor, 1 St Martin's Le Grand, London EC1A 4AS
All your GDPR questions answered by experts...
Wellbeing and Benefits Roundtable
Wellbeing and Benefits Roundtable
07 March 2018
6th Floor, 1 St Martin's Le Grand, London EC1A 4AS
Wellbeing and Benefits Roundtable 2018