High Street
Card Factory HY profits fall 43% amid rising wages
This comes despite group revenues rising by 4.9% to £238m during the period, which the retailer attributed to its continued growth strategy
Card Factory has reported that adjusted profits before tax fell by 43% to £14.5m in the six-month period to 31 July, due to “substantial” increases in National Living Wage as well as freight inflation and the phasing of strategic investments.
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