THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Card Factory's like-for-likes up 2.7% in first half

Greeting cards retailer Card Factory saw its like-for-like store sales grow by 2.7% in the first half of its financial year.

GENERAL MERCHANDISE

Card Factory's like-for-likes up 2.7% in first half

Greeting cards retailer Card Factory saw its like-for-like store sales grow by 2.7% in the first half of its financial year.

In the six months to 31 July, total sales climbed by 8%.

In a trading update Card Factory said its new store opening programme was continuing as expected with 36 net new stores opened in the first half. This brought the total estate to 800 stores at the end of the period as the company looks to deliver approximately 50 net new stores in the current financial year.

Card Factory said its principal online business, Getting Personal, continues to perform well, although it will face more challenging comparative figures in the second half of the year.

The company relaunched its Card Factory transactional website in the period and expects to develop a number of options open to us to grow this channel’s revenues over the medium term from its current small base.

Richard Hayes, Card Factory’s chief executive, said: “It is pleasing to report that the group traded well in the first half of the current financial year with good growth continuing from the existing store estate and new store roll out programme, as well as our developing online proposition. We were delighted to open our 800th Card Factory store in Reading, and to relaunch an enhanced transactional Card Factory website.

“We remain confident of our ability to continue to increase market share whilst delivering on all four pillars of our growth strategy.”

 

 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues