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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Jan- 2023 -10 JanuaryHigh Street
Card Factory ups FY guidance amid strong Xmas sales
Card Factory has raised its full-year guidance following a year of “good momentum” across the business, with sales boosted by a return to high street spending, particularly over the Christmas trading period. The group anticipates that EBITDA in FY23 will now be at least £106m, up from a previous guidance…
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6 JanuaryHigh Street
LCP Group acquires Gateway Retail Park
The LCP Group has announced it has acquired a Gateway Retail Park in Harwich, Essex – marking more than 20 retail acquisitions in 12 months. The group, which is part of M Core, the acquisitive commercial property collective that has invested more than £160m over 12 months in retail assets,…
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Dec- 2022 -9 DecemberPeople Moves
Former Greggs CEO assumes new role on Card Factory board
Card Factory has announced that Roger Whiteside, the former CEO of Greggs, will assume the role of senior independent non-executive director on the group’s board next year. In a further change to the board, Indira Thambiah will be appointed chair of the Remuneration Committee, with effect from 1 February 2023.…
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Nov- 2022 -16 NovemberHigh Street
Card Factory ups guidance after ‘stronger than expected’ trading
Card Factory has upped its FY23 guidance after “stronger than expected” trading in the second half of the year, with full-year EBITDA now expected to be £96m, up from a previous guidance of £88.8m. According to the retailer, this EBITDA would approximate to profit-before-tax of £37.5m for the period. Its…
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Sep- 2022 -27 SeptemberHigh Street
Card Factory sales soars as high street business rebounds
Card Factory has welcomed revenue growth of 4.1% in its half-year results, following “good momentum within the business” as well as a “shift of customer spend back towards the high street and reversal of lockdown effects”. As customers returned to the high street, store revenue soared by 81.8% in the…
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Aug- 2022 -24 AugustPeople Moves
Card Factory appoints non-executive director
Card Factory has announced the appointment of Indira Thambiah as non-executive director, effective 1 September 2022. Thambiah has been appointed a member of each of the company’s remuneration committee, audit and risk committee and nomination committee. She is an experienced multi-channel retail executive and consultant, with previous roles including head…
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May- 2022 -3 MayHigh Street
Card Factory swings to profit in FY22
Card Factory plc has reported its pre-tax profits surged 167.7% to £11.1m for the year ended 31 January 2022 (FY22), compared to a loss of £16.4m in FY21. It said the performance comes in ahead of management’s expectations and amid “significant” trading disruption and inflationary cost pressures. Revenues also increased…
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Apr- 2022 -21 AprilHigh Street
Card Factory agrees on revised £150m refinancing
Card Factory has confirmed it has completed a £150m refinancing of the group, as it continues to take action to reduce its £79m debt. The financing includes a £100m revolving credit facility (RCF), which is available until September 2025; a £11.25m term loan facility; a £18.75m term loan facility, to…
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Jan- 2022 -14 JanuaryHigh Street
Card Factory sees recovery with online sales up 23.3% to £22.2m
The Card Factory has reported recovery to pre-Covid levels as its online sales increased 23.3% in the 11 months to 31 December 2021 (FY22) to £22.2m on a two year basis, with cardfactory.co.uk revenue increasing by 130.3% and gettingpersonal.co.uk revenue declining 11.4%. Cardfactory.co.uk revenues also increased by 1.1% on the…
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Oct- 2021 -6 OctoberPeople Moves
Card Factory welcomes new director to board
Card Factory has welcomed Robert McWilliam as the latest independent non-executive director to its board, with effect from 1 November 2021. McWilliam will be appointed as a member of each of the group’s Audit and Risk committee, Nomination committee and Remuneration committee, and will assume the role as chair of…
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