Member Article

Card Factory continues store roll out in time for Christmas

Wakefield-based Card Factory has reported revenue increases as it continues to roll out new stores, a total of 48 new ones opened in the past year.

This brings Card Factory’s total store number to 761, with plans to open another 50 in the next year.

In the nine months ended 31 October 2014, the firm reported revenue increased by 8.7%, driven by a combination of like-for-like sales growth, new store roll out and further growth in the complementary online division.

This growth rate is similar to that delivered in the nine months ended 31 October 2013 (9.0%).

Richard Hayes, Card Factory’s Chief Executive Officer, said: “The Group continues to perform well with growth coming from the existing store estate and new store roll out programme as well as our smaller but developing online proposition.

“We continue to develop our product range and remain very focused on delivering a strong and clear value proposition to our customers.

“As we enter the important Christmas trading period, the Group is well positioned for further growth and we look forward to updating investors on our progress in the New Year.”

This was posted in Bdaily's Members' News section by Clare Burnett .