Gifts and cards retailer, Card Factory has reported that full year expectations remain the same following promising sales in its first nine months of the financial year, with an increase of 7.9%.
The success is due to a combination of new store openings, growth in online activities and like-for-like sales, however the company expects sales to slow down and be lower than the 25% achieved in the first half.
The Card Factory now has 809 stores in total, 45 of which were opened in the current financial year and 48 in the corresponding 12-month period.
Richard Hayes, chief executive said: "We have seen another period of consistent performance across the group as we continue to drive growth from existing and new stores, as well as our expanding online operations. We are well prepared for the important, competitive Christmas period, and remain confident of our ability to continue to increase market share whilst delivering on all four pillars of our growth strategy."
