Seasonal range boost Card Factory sales

13 August 2019

Seasonal range boost Card Factory sales

High street gift card retailer Card Factory has reported "robust" sales thanks to Valentine's Day and Mother's Day seasonal ranges, despite a "challenging consumer environment".

The listed business reported total group sales growth of 5.5 per cent in a trading update covering the six months ended 31 July 2019.

Like-for-like sales grew by 1.5 per cent, compared to a 0.2 per cent fall in the first half of 2018, which the company said represented a "robust sales performance in a challenging consumer environment".

Sales were boosted by a strong first quarter, underpinned by Valentine's Day and Mother's Day seasonal ranges.

In the first half, a net 26 new UK Card Factory outlets were opened, bringing the total UK estate to 991 stores, with a further seven in the Republic of Ireland.

Chief executive Karen Hubbard said: "Looking forward to the forthcoming key Q4 trading period, which will have a significant impact on the outturn for the full year, we believe we have the right ranges and products to deliver a good performance; although, we are cognisant of the economic and political uncertainty and weaker consumer confidence.

"The board anticipates profits for the full year to be broadly in line with its previous expectations."