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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Apr- 2024 -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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Jan- 2024 -16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryHigh Street
Card Factory hails strong Christmas trading
Card Factory has revealed total sales for the 11 months ended 31 December 2023 increased 10% to £476.9m after it was boosted by strong Christmas trading. The card retailer said that LFL store revenue jumped 7.8% in November and December, driven by the increased number of transactions and increased average…
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Sep- 2023 -26 SeptemberNews
Today’s news in brief-26/09/23
Frasers Group has unveiled a new Flannels store in Nottingham city centre, featuring luxury designer clothing and accessories. The 15,000 sq. ft store houses brands like Gucci, Christian Louboutin, Saint Laurent, and Valentino. The opening is part of Frasers’ commitment to investing in retail and expanding its premium shopping destinations…
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26 SeptemberHigh Street
Card Factory profits soar 70% amid strong store sales
Card Factory has seen profits soar by 72.7% to £24.7m in its half-year results, up from £14.3m the prior year. Its profit result was driven by strong sales over the period, with revenues up by 11.5% to £220.8m, as the group welcomed good momentum across the business, particularly in its…
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Aug- 2023 -7 AugustHigh Street
Clintons could close fifth of stores to remain trading
Clintons could reportedly be set to close around a fifth of its stores in order to keep the company solvent. According to reports, first revealed by The Times, the retailer has appointed restructuring experts FRP Advisory to help oversee a possible debt-for-equity swap. The outlet also revealed that as part…
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7 AugustHigh Street
Card Factory ups profit outlook after positive H1
Greetings card retailer Card Factory has announced that it expects its profits for the year to be “materially ahead of its previous expectations” after a positive start to the year. Trading in the six months ended 31 July 2023 was materially ahead of the board’s expectations. The company posted profit…
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May- 2023 -25 MayDepartment Stores
Card Factory launches first click and collect service
Card Factory has launched its first UK-wide click and collect service, following the success of a trial period across 87 stores. The new service is available via its website, app and at over 1,000 stores excluding Jersey or the Republic of Ireland. Customers can choose from a range of gifts,…
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3 MayHigh Street
Card Factory profits jump 368.5% to £52.4m
Card Factory has seen its profit before tax rise 368.5% to £52.4m, up from £11.1m, for the year ended 31 January 2023. The company also revealed that its revenues rose 27% to £463.4m, up from £364.4m last year, for the same period. Alongside this increase store revenue grew 7.6% on…
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