Huge profit rise for Card Factory
By Sarah Wood | 1st May 2024
Value greetings card retailer, Card Factory has posted a big rise in annual profits.
The retailer, which has stores in Cheltenham, Gloucester, Tewkesbury, Stroud and Cirencester, posted a 25% rise in pre-tax profits to £65.6m for the year to January 31, up from £52.4m the last year.
Sales were up 10% to £510.9m, as reported by Retail Gazette, boosted by a 7.7% rise in like-for-like store sales.
The retailer attributed its success to development of its store layout, customer experience and product ranges, across cards, gifts and 'celebration essentials'.
Related Articles
Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.