Card Factory blamed fewer customers entering its stores, weaker demand at its online gifting business and foreign exchange costs for a slide in profits.
The budget greetings cards retailer posted pre-tax profits of £66.6m in the year to January, a 8.3% drop compared to the same period the year before. Revenue rose 3.3% to £436m.
However sales at stores open for more than a year were broadly flat, down 0.1%, while around 1% of those shops were loss making.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
