Card Factory
This coverage examines Card Factory’s strategy, operations, and performance in the UK greeting cards and value retail sector. Reporting highlights financial results, store openings, product strategy, leadership changes, and market positioning. Aimed at retail executives, buyers, and managers tracking trends in affordable gifting, consumer demand, and competitive dynamics within value-led retail.
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Dec- 2024 -5 DecemberNews
Card Factory enters US market with £20m Garven Holdings acquisition
Card Factory is set to enter the US market after announcing the acquisition of Garven Holdings for $25m (£20m). The acquisition is a step in the UK retailer’s growth ambitions, thanks to the acceleration of its partnerships strategy in one of its “key” international target markets. The celebration essentials market…
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Oct- 2024 -29 OctoberNews-In-Brief
Today’s news in brief-29/10/24
The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…
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29 OctoberHigh Street
Jollyes appoints new COO
Jollyes has announced the appointment of Adam Dury as its new chief operating officer effective January. For the last five years Dury has been chief commercial officer at Card Factory plc and a key member of its group operating board. Prior to Card Factory, he worked in commercial roles at…
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Sep- 2024 -24 SeptemberNews
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 SeptemberHigh Street
Card Factory HY profits fall 43% amid rising wages
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. This comes despite group revenues rising by 4.9% to £238m…
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Jun- 2024 -21 JuneNews
Today’s news in brief-21/6/24
UK retail sales saw a notable increase of 2.9% in May 2024, reversing a 1.8% decline in April. According to the Office for National Statistics, sales volumes rose across various sectors, with clothing retailers and furniture stores rebounding after poor weather in April. Over the three months to May 2024,…
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21 JuneHigh Street
Card Factory to engage shareholders after AGM revolt
Card Factory has announced that it will engage with shareholders after a revolt over the reelection of its chair. The greetings card retailer saw nearly a quarter of shareholders vote against the reelection of Paul Moody. Moody joined the business in July 2020 as executive chair and saw 24.87% of…
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Apr- 2024 -30 AprilNews
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the latest data from the BRC-Nielsen Index. This decline suggests a trend towards normalising inflation levels after reaching a peak last year. The drop was particularly notable in non-food items, which…
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30 AprilHigh Street
Card Factory profits soar 25% amid strong store trading
Card Factory has welcomed a strong year of trading, as pre-tax profit soared 25% to £65.6m in FY24, largely boosted by its store performances.Over the period, revenues rose by 10.3% to £510.9m, with total store revenue up by 8.7%, including contribution from 26 net new store openings during the year.…
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Mar- 2024 -11 MarchElectrical
Currys appoints Octavia Morley as non-executive director
Currys has announced the appointment of Octavia Morley as a non-executive director and a member of the company’s Remuneration, ESG and Nominations Committees with effect from 1 April 2024. The group has also announced that Tony DeNunzio, senior independent director, will step down as a director on 25 April 2024…
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