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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Jul- 2020 -28 JulyHigh Street
Card Factory performance ‘exceeds’ expectations
Card Factory’s performance has “exceeded” initial expectations since the reopening of its estate, with like-for-like sales down only 21.6%, against its anticipated reduction of 50% in the first month of reopening. Despite a decline in in-store transactions, the average spend has increased by 24.9% since lockdown. According to the group,…
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Jun- 2020 -26 JunePeople Moves
Card Factory CEO announces departure
Card Factory has announced the departure of CEO, Karen Hubbard, after four years in the role. During her time as CEO, Hubbard supported the transition of Card Factory from a recently listed company to an established plc. Prior to joining the card retailer, Hubbard held senior positions at B&M Retail,…
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2 JuneCoronavirus
Card Factory profits slide in full-year results
Card Factory has revealed that its underlying profit before tax fell 11.8% to £67.2m for the year ended 31 January 2020. In the same period, like-for-like sales were down 0.5%, reflecting “weak” consumer confidence and a decline in high street footfall in the second half of the year. Nonetheless, the…
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May- 2020 -6 MayOnline & Digital
Card Factory online sales soar over 250% amid UK lockdown
Cards and gifts retailer Card Factory has reported a 267.5% increase in online sales since the UK lock-down began in March. During the period the retailer said it recorded “significant growth” in visitors, conversion and sales. In response to this increased demand, and to support social distancing, the company has…
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Feb- 2020 -28 FebruaryPeople Moves
Card Factory strengthens executive team with new HR manager
Card and gifts retailer Card Factory has appointed Jennifer Lawrence as executive director of people, effective 1 June 2020. Lawrence was formerly human resources director at Costcutter and Card Factory said she has over 18 years of experience “shaping and implementing successful people strategies” for leading retailers and large businesses.…
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Jan- 2020 -16 JanuaryHigh Street
The Works CEO steps down despite ‘solid’ Christmas sales
The CEO of gifts and crafts retailer The Works has stepped down from his role, despite the company reporting “solid” like-for-like sales in its latest trading update. Kevin Keaney held the position of CEO at The Works for almost nine years, has decided to step down as CEO and from…
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Nov- 2019 -14 NovemberHigh Street
Card Factory sales boosted by group expansion
Card Factory welcomed a strong performance this financial year, with a 5% rise in group sales in the year to 31 October. Its latest trading update, posted today, also revealed a yearly growth of 0.9% in like-for-like sales. Sales in the quarter fell 0.4%, though this was due to weaker…
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Aug- 2019 -13 AugustHigh Street
Card Factory posts robust sales growth despite challenging environment
Greeting cards, dressings and gifts retailer Card Factory has reported a 5.5% increase in sales for the six months ending 31 July 2019. The retailer’s like-for-like sales grew by 1.5% during the period, following a strong first quarter particularly supported by its successful Valentine’s Day and Mother’s Day seasonal ranges.…
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Jul- 2019 -24 JulyPeople Moves
Card Factory appoints former Tesco boss as CCO
Card Factory has announced the appointment of Adam Dury as chief commercial officer, effective 26 August 2019. According to the retailer, Dury has “extensive” experience in the retail industry having worked for Tesco for 14 years in a number of roles including most recently, category director of home, seasonal and…
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Jun- 2019 -5 JuneHigh Street
Card Factory sees Q1 sales rise 6%
Card Factory has reported a 6.4% rise in total group sales during the first quarter of the year thanks to what it has called a “positive start to the year” despite “challenging consumer sentiment and negative footfall on the high street”. During the first quarter ending 30 April 2019 Card…
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