Online Sales Surge Amidst Easing of Covid Restrictions
- Online sales up 23.3% to £22.2m
- Recovery from April 2021 as Covid-related restrictions eased
- Like-for-like sales trending towards 2019 levels
Card Factory, a UK-based greeting card retailer, has reported a significant increase in online sales following the easing of Covid-related restrictions. Online sales surged by 23.3% to £22.2m in the first half of the year, indicating a recovery for the company. Like-for-like sales have also shown an upward trend towards pre-pandemic levels.
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Financial Relevance: Yes
Financial Markets Impacted: The article discusses the impact of inflation on consumer spending and interest rates.
Financial Rating Justification: The article is relevant to financial topics as it covers inflation, which affects consumer behavior and can influence interest rates set by central banks. This in turn impacts financial markets and companies through changes in borrowing costs and investment decisions.
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