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Trading statements

Card Factory like-for-like sales up

10 August 2017 07:23

Card Factory's like-for-like sales rose by 3.1% in the six months to the end of July and the group said the board's expectations for the full financial year were unchanged.

The group said it continued to expand and improve the range of card and non-card products available on its websites, both personalised and non-personalised, as it targeted a significant increase in its share of this attractive segment of the market.

An update said: "Including the Card Factory website, like for like sales performance of the Card Factory fascia was +3.1% (H1 FY17: +0.2%). "In the first half we opened 30 net new UK stores (H1 FY17: 34) bringing the total UK estate to 895 stores as at 31 July 2017.

"We remain on track to deliver approximately 50 new UK stores in the current financial year including an increased number of retail park stores, which are performing well.

"Following the opening of our first store, we have now secured further sites to continue our trial in the Republic of Ireland, and will monitor the performance of this small group of stores through the next financial year. "The improved trading performance at Getting Personal is an early response to our actions, including the recruitment of a new senior team, and we continue to target Getting Personal revenue growth for the full year towards 10%."

Story provided by StockMarketWire.com

Related Company: CARD

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