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Card Factory grow estate and sales

1,000th store opens as value retailers book ‘robust’ performance in ‘challenging’ environment

THE 1,000th Card Factory store has just opened as the value retailers saw their sales for the first half of the year rise in a performance described as “robust in a challenging consumer environment”.

Waldon in Essex is the venue for their latest opening on Friday, August 16, which came after they set up 26 new stores in the six months to July 31, including in Lisburn, Enniskillen, Cookstown and Newtownards in Northern Ireland with a retail warehouse believed to be under offer there too, and keeps Card Factory on track for 50 over Britain and Ireland in the full year.
The Waldon shop is pictured alongside their first store back in 1997 – and Card Factory boasted in their Facebook post: “We’re still selling cards from 29p!”
In their latest financial report, the gift and cards retailers said they now expect to meet full-year profit expectations, with group sales rising 5.5 per cent when like-for-like sales edged up 1.5 per cent in the half-year.
And they reported “encouraging progress on a number of business development and efficiency initiatives” such as selling through Aldi branches.
“We continue with the trials within Aldi and The Reject Shop in Australia, a further update will be given at our interims announcement in September,” Card Factory chief executive officer Karen Hubbard said.
“Our quality and value proposition continues to resonate well with customers – reflected by the good performance of our seasonal ranges in the first half of the year,”
“We continue to work hard at making sure we have the right ranges at the right prices for our customers, in the store and online.
“Alongside that, we remain focused on our important commercial and business efficiency initiatives – all of which will make Card Factory a much stronger business for the long term.”
In the report, Card Factory said they have “the right ranges and products to deliver a good performance” in regards to the forthcoming fourth quarterly trading period, but they added that they are aware of the impact of the economic and political uncertainty leading to a general decline in consumer confidence.

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