Summary
Card Factory saw online sales soar after buying up a rival retailer. The retailer, which has stores in Gloucester, Cheltenham, Cirencester, Stroud and Tewkesbury, acquired Funky Pigeon for £24m last year. It recorded sales of £260.8m in the six months to July 31, as reported by The Times.
Details
Boosted by the acquisition of Funky Pigeon, digital sales were up by £12.8m – an increase of 398%. Adjusted profit before tax fell slightly from £13.2m to £12.7m, reflecting the costs involved with the acquisition and integration of Funky Pigeon.
Report source: Punchline Gloucester
