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Card Factory signs off another strong year

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Card Factory has recorded continued steady growth in the 11 months to 31 December 2015. In the period like-for-like sales rose by 2.8% while total sales grew by 8.1%.

Like-for-like growth particularly profited from sales of non-card products throughout the festive period. Further improvements made to the Group’s ecommerce platforms Getting Personal and the Card Factory gained positive results. More details concerning the performance of the sites will be given in the preliminary results in April.

The greetings card retailer continued to expand its estate in line with expectations with the opening of 50 new stores in the 11 month period. The retailer now operates 814 stores and looks to open another 50 in the next financial year.

As a result of its continual incline, the Board’s expectations for the full financial remain unchanged.

“As we approach the end of our financial year, it is pleasing to report that the Group has continued to perform well through the important and competitive Christmas trading period,” said Richard Hayes, Card Factory Chief Executive.

“We remain on course to deliver sales growth at a similar level to last year, highlighting once again the strength and consistency of our retail proposition and performance, underpinned as ever by our unique vertically integrated model.”

The retailer revealed earlier this month that Karen Hubbard will join the Board as CEO designate on 22 February, succeeding Hayes as CEO in mid-April. Following a four month handover period, Hayes will leave the Group at the end of June.


Published on Tuesday 26 January by Talya Misiri

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