Card Factory outlines store strategy

Card Factory has unveiled plans to open circa 50 new stores for its 2020 financial year, while reporting flat sales and a drop in profit. In its financial results for the year ending 31 January, the retailer announced it has a “strong pipeline of new store opportunities” for its 2020 financial year. The company is looking to open around 50 net new stores, including some in Ireland after trial shops opened in the country last year were claimed to be a success. However, the retailer said it will only open new stores if “they meet the necessary return thresholds”. Chief executive