In a trading statement following the close of the first half to 31 July, 2023, Card Factory said trading was materially ahead of the board’s expectations.
The retailer said in the statement: “The macro backdrop continues to be uncertain, and there is still much to be delivered over the remainder of the year.
“Nevertheless, given the strength of the performance in the first half, together with our current outlook for the second half, the board now expects the full year outturn to be materially ahead of its previous expectations.”
The news comes shortly after Card Factory announced the opening of its first store in the Middle East as it continues its expansion into new territories.
The new shop in the Bawabat Al Sharq Mall in Abu Dhabi, is part of the retailer’s franchise agreement with Liwa.
