Dwindling number of female chiefs as Card Factory boss leaves June 26, 2020 Karen Hubbard’s departure from Card Factory leaves no women at the top of any FTSE retailer. Hubbard claimed the status as the only female boss after a considerable drop in the number of women at the top of FTSE firms. This is despite around 60 per cent of the retail workforce are women while approximately [...]
Card Factory online sales soar 120 per cent over lockdown July 28, 2020 Card Factory has avoided its worst case scenario of a staggering drop in store sales since the end of lockdown, it said today, as digital sales soared 120 per cent during the quarantine period. The greetings card retailer said today that store sales have plunged 21.6 per cent year on year since mid-June, better than [...]
Card Factory scraps dividend as higher costs hit profit June 2, 2020 Card Factory today scrapped its full-year dividend as higher costs and the ongoing impact of Covid-19 weighed on profit. The figures Card Factory reported revenue of £451.5m for the year to the end of January, up 3.6 per cent year on year. Like-for-like sale dipped 0.5 per cent over the year. Underlying profit before tax [...]
Card Factory chief Karen Hubbard steps down after four years June 26, 2020 Card Factory has announced its chief executive Karen Hubbard will step down at the end of the month after four years at the helm. The retailer said non-executive chairman Paul Moody would take on an executive chair role until it names a new boss. Card Factory said that as it looks forward to the execution [...]
Card Factory opens new distribution centre to cope with surge in online demand May 6, 2020 Card Factory has opened a new distribution centre to keep up with a surge in online orders during the coronavirus lockdown while maintaining safety measures for warehouse staff. The retailer said the Card Factory website saw sales soar 267.5 per cent during lockdown, while its Getting Personal brand reported a 57.5 per cent jump in [...]
Card Factory shares dive as retailer warns on profit January 9, 2020 Shares in Card Factory plunged more than 19 per cent this morning after the retailer warned that profits will be lower than expected following a challenging Christmas trading period. The high street chain said full-year adjusted underlying earnings before interest, tax, depreciation and amortisation (Ebitda) will be in the range of £81m to £83m, reflecting [...]
New store openings drive revenue increase at Card Factory November 14, 2019 Card Factory has reported a jump in revenue this year driven by sales at new stores and a boost in online trading, as sales at existing stores slumped due to falling high street footfall. In the nine months to 31 October revenue increased five per cent as Card Factory grew its store portfolio with 38 [...]
Brexit stockpiling dents Card Factory profits September 24, 2019 Card Factory profits fell 14 per cent in the first six months of its financial year amid Brexit stockpiling despite like-for-like sales beating a negative high street. The figures Profit before tax dropped 14.4 per cent year on year to £24.3m for the six months to the end of July as Brexit stockpiling and the [...]
Changes sweep the boardrooms and C-suites of biggest businesses in the UK August 24, 2022 The boardrooms and C-suites of some of largest companies in the UK have undergone sweeping overhauls this week alone. The winds of change have blown as the country heads into autumn and buckles down for a worsening economic crisis, some two years on from the start of the pandemic. While Covid-19 measures in the country [...]
Factories braced for energy rationing this winter amid fears Russia could turn off the taps July 3, 2022 Energy rationing could be on the cards this winter, with British factory owners suffering constraints to their energy supplies.