Card Factory warns on profits due to weak consumer environment and extreme weather in first half
Wakefield-headquartered Card Factory has issued a profit warning for the full year, blaming a weak consumer environment and extreme weather conditions earlier in the year.
The company reported total group sales growth of 3.2% in the first half of its financial year but said that like-for-like sales were down 0.2%.
However, with extreme weather conditions impacting high street footfall and continued consumer caution across the UK, like-for-like sales for the Card Factory store network fell by -0.7% (H1 FY18: +3.0%), with a marg... 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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