Card Factory reports ‘positive’ first half

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.

MORE NEWS
Copy of Progressive Preschool featured image (48)
 
The latest BRC KPMG Retail Sales Monitor shows a 1.1% growth in total retail sales in March, against a 3.5% growth in March 2024. ...
Early waste Feature Image
 
Indie retailer’s latest collab turns waste balloons into bright and reusable decorations....
Copy of Progressive Preschool featured image - 2025-04-25T001342.785
 
A crowd in St Louis recently broke the record for the most people wearing banana hats....
Copy of Progressive Preschool featured image - 2025-04-25T000101.198
 
The HCA has reported that US costume companies are predicting that new tariffs could 'wipe out Halloween and severely disrupt Christmas'. ...
Copy of Progressive Preschool featured image - 2025-04-24T234556.579
 
After 18 years in business, Hull party shop, Hullaballoon is closing its doors for the final time. ...
Copy of Progressive Preschool featured image - 2025-04-24T233009.303
 
Disguise has announced a multi-year licensing agreement with SEGA of America, for the Sonic the Hedgehog licence. ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter