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What hogwash. All sorts of stuff has happened since 2015 but why on earth should there be a profit warning. Hardly likely to be impacted by events from 2015-2022! And the last report said repeatedly that a good result for the year was expected with stock acquired for Xmas etc. Any staff cost increases were already known. Laughable.
Just visited Caterham store. Packed out. Everything flying off the shelves, but I bet they're selling for fewer stamps as our postal service is destroyed in the UK. The two tills were ringing continuously at 12.45pm on a Sunday, the young ladies on the tills were smart, efficient, happy and smiling, and they told me they were really busy and yesterday (Saturday) was crazy. There seem to be a lot more cheap toys, games, sweets and other tat and I bet the average sale is much higher. Very happy with what I saw. Xmas is clearly going to be good, and with Matalan and other new distribution channels I can only see good times ahead for CF.
Card has gone down with the general retail malaise, but as we know who visit stores, CF is busy. I really don't think the general retail problems are impacting CF, which offers such good value. People will still give presents, just littler things. And bunting, balloons etc always sell. I wish I had some more cash to put Card's way... But I will have to wait.
Looks pretty much idle speculation, although you never know. With Matalan, SA, and the middle east new bits it's hard to see this company not beating expectations when the Xmas trading update comes out in Jan...
Wage inflation is hardly something radical dreamed up in the Autumn Statement. I put this down to the usual price games that have impacted Card for the last 12 months since things started to improve. Solid rise then a sudden drop back, solid rise then a solid drop back etc. Nothing much has changed here... Still should be a great 6 months for Card, more third party relationships, nicely focussed tat, perfect for the squeeze on family finance.