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Evening Standard
Evening Standard
Business
Jonathan Prynn

Card Factory profits hit by National Living wage hike and wet weather

Greetings card and gift chain Card Factory saw profits slump more than 40% in the first half of the year as it battled against rising staff costs following the increase in the National Living wage and the wet weather.

The high street stalwart, which has over 1000 stores throughout the UK and Ireland, said pre-tax profits fell 43% to £14 million in the six months to end July.

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