Card Factory has reported a turnaround in pre-tax profits thanks to shoppers returning to high streets following the easing of Covid restrictions.
The Yorkshire-based plc saw pre-tax profit of £14.3m in the six months to the end of July, up from a pre-tax loss of £6.5m in the same period last year. It told investors that revenue growth of more than 4% to £198m reflected a shift of consumer spending back to bricks and mortar stores.
During the half year, the brand opened six new stores in the Republic of Ireland and its first "small format" trial store in central London, while eight stores were closed. Card Factory said it was also in the final stages of launching click and collect services in 84 of its 1,026 stores.
