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- 2019 -16 AprilHigh Street
Card Factory profits fall as footfall hits LFL sales
Card Factory has reported in its latest full-year results that profit before tax fell by 8.3% to £66.6m as its like-for-like sales stagnated with a 0.1% decrease. The company attributed the fall in sales to a decrease in footfall across its 972 stores and a “tough consumer environment”. However its…
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Sep- 2018 -25 SeptemberHigh Street
‘Weak consumer environment’ hits Card Factory profits
Card Factory has announced that a “weak consumer environment” has had a negative impact on pre-tax profits. The gift shop chain posted pre-tax profits of £22.7m during the six month period ending 31 July 2018, down 14% compared with the previous year. This is despite a total sales increase of…
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Aug- 2018 -9 AugustHigh Street
Card Factory sales up 3.2% despite ‘extreme weather’
Card Factory has reported 3.2% growth in total group sales for the six months ending 31 July, despite the impact of the year’s “extreme weather conditions” on high street footfall. The retailer’s like-for-like sales decreased to -0.2%, a drop of 3.1% when compared with the same trading period last year…
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Jun- 2018 -8 JuneAdvice
Rebranding the high-street – the experience way
“Britain’s ‘doomed’ high street to see 100,000 shops close by 2022 unless action taken now” read one national media headline recently. Another article reported that the number of store openings on Britain’s high streets has fallen to a seven-year low, driven by the growth of online shopping and a shift…
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May- 2018 -31 MayHigh Street
Card Factory reports ‘robust’ performance
Card and gifts retailer Card Factory has revealed a 3% increase in total group sales in its first-quarter trading update. Like-for-like sales decreased by 0.4%, but total and like-for-like sales over the quarter showed a robust performance. Karen Hubbard, Card Factory’s CEO, said: “We have had a solid start…
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Apr- 2018 -10 AprilHigh Street
Card Factory posts £14.6m drop in full-year profits
Card Factory has posted a £14.6m drop in its full-year profits which it has attributed to the weak pound and soaring wage costs. Pre-tax profits for the fiscal year ending January 31 were £72.6m, down 12.3% on the previous year. This is despite the card and gift retailer’s revenues increasing…
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