Clinton Cards turns over new leaf on positive Christmas
Clinton Cards has jumped 9% in morning trading after releasing positive like-for-like (LFL) sales figures for the crucial Christmas period.
Clinton Cards has jumped 9% in morning trading after releasing positive like-for-like (LFL) sales figures for the crucial Christmas period.
Total LFL group sales were up 0.4% in the five weeks to the 1st of January with Clintons stores up 0.8% while the Birthdays UK subsidiary was down 2.7%.
Over the 22 weeks to the beginning of 2012 like-for-like sales for the group were down 1.4%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Clintons new Chief Executive, Darcy Willson-Rymer, described the Christmas results as "positive" but added: "there is clearly more work to be done and I am looking at this within my strategic review. Despite a tough retail climate, we remain in line with the Board's expectations."
Shares in Clinton Cards have fallen 57% in the last 12 months.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published