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Gloucestershire Business News

Moonpig has best ever trading week

Online card retailer Moonpig has seen a big increase in its trading performance during the first half of the year.

And the run-up to Valentine's Day last week saw it record its best ever trading week, as reported by Retail Gazette.

The retailer acknowledges that this is a temporary increase, as lockdown means more customers are choosing to add gifts to their card orders.

Moonpig expects revenue for its year ending 30th April 2021 to be double the £173 million of the previous year.

The company has incurred additional costs during the pandemic, due to increased temporary staffing levels in its supply chain, and because of the partial shifting of its production to the UK following the Guernsey lockdown.

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