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The Guardian - UK
The Guardian - UK
Business
Joe Middleton and Sarah Butler

Moonpig hit as cash-strapped shoppers opt for cheaper gifts

The online card retailer Moonpig
Moonpig’s pre-tax profits more than halved to £9.1m for the six months to 31 October. Photograph: Moonpig

The personalised card retailer Moonpig has warned sales will be lower than expected this year as cash-strapped shoppers shifted to lower-priced gifts and Royal Mail postal strikes hit its business.

The British firm said trading conditions had become progressively more challenging in October and November because of “macroeconomic uncertainty” and the run of industrial action by postal workers.

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