Faster growth at Card Factory as sales increase 3.1%
Retailer Card Factory is combating a slight decline in profitability, investing in its store portfolio as like-for-like sales rise 3.1%.
Despite headwinds from foreign exchange movements and national living wage, the group said it remained highly cash generative, and the like-for-like sales increase in the six months to 31 July was a major improvement on the 0.2% growth in the same period last year.
In the first half the Wakefield-based retailer opened 30 net new UK stores, slightly down from the 34 opened last year, bringing th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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