All Moonpig articles – Page 2
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Analysis
From float to flop – why the pandemic’s winners are struggling on the stock market
For retail businesses booming during the pandemic, an IPO seemed like the natural next step. Yet for many of the 2020 winners share prices have plummeted – Retail Week asks why.
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News
Card Factory cuts losses as it targets omnichannel growth
Card Factory has reported a reduced first-half loss and said a transformation to an omnichannel model is under way.
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Analysis
Apps, personalisation and UX: How Moonpig and In The Style are powering growth
As Moonpig and In The Style publish stellar results for the past year, Retail Week explores what other retailers could learn from their digital strategies.
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News
Moonpig sales and profits soar in first full-year results since float
Pureplay greeting card specialist Moonpig has reported soaring sales and profits in its first set of full-year results since its IPO.
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Retail Navigator Analysis
Moonpig (Overview)
Moonpig is a key player in the UK personalised greetings card market. It also operates across Australia and the US, as well as Greetz in the Netherlands. It began as an online card retailer but has expanded into card-attached gifting, including flowers and balloons, and personalised merchandise such as mugs and smartphone covers. Moonpig acquired Red Letter Days and Buyagift in mid-2022, as it branched into the experiences-as-gifts business.
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Retail Navigator Analysis
Moonpig (SWOT)
Moonpig is the market leader in the personalised greetings card market and has continued building on this with solid sales growth in recent years. Its addition of video messages across the card range, as well as allowing consumers to use digital codes for gift experiences in Moonpig cards and add stickers and photos to the inside of cards, should also help extend appeal.
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Retail Navigator Analysis
Moonpig (People)
Nickyl Raithatha has been managing director at Moonpig since 2018, with Andy Mackinnon as CFO. Adding weight to the board, former WHSmith chief executive Kate Swann is chair.
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Retail Navigator Analysis
Moonpig (Financials)
Moonpig Group sales grew 6.6% year on year to £341.1m in the year to 30 April 2024 (FY2023), which reflected a robust performance from the Moonpig brand. Adjusted EBITDA came in at £95.5m in FY2023, compared to £84.2m in FY2022, buoyed by revenue uptick and improved gross margin rate. Profit before tax increased 32.9% to £46.4m in FY2023 with “a lower charge for adjusting i8tems was offset in part by higher depreciation and amortisation and higher finance costs”.
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Analysis
Analysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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News
Moonpig set to double full-year sales after ‘strongest ever’ Valentine’s Day
Moonpig reported the strongest week of trading in its history in the run up to Valentine’s Day.
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News
Moonpig valued at £1.2bn as float begins
Moonpig has begun trading on the London Stock Exchange with a market capitalisation of £1.2bn.
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News
Moonpig presses button on IPO
Online greetings card specialist and technology platform Moonpig has confirmed its intention to float.
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Analysis
IPO rush – which retailers will whet investor appetite?
After a tumultuous year for the industry, some retailers are setting their sights on new horizons with plans to float on the stock market.
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News
Moonpig eyes float after strong lockdown trading
Moonpig’s mooted £1bn float on the London Stock Exchange is set for liftoff after the pureplay announced its intention to publish a registration document today.
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Analysis
Lockdown boom: Five retailers given a boost by housebound shoppers
Although coronavirus is hitting most non-food retailers hard, some businesses have been given a boost by the lockdown. Retail Week looks at some of those winning right now.
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Analysis
Analysis: The biggest hires and fires of 2019
As 2019 draws to a close, Retail Week takes a look back at all the hires and fires that have made shockwaves in the retail sector this year.
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News
Moonpig hits landmark sales figure
Online greetings card specialist Moonpig has reported sales of £100m bolstered by an increase in demand for personalised cards.
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News
Moonpig drafts in Kate Swann as chair
Former WHSmith chief executive Kate Swann is to join online greetings card specialist Moonpig Group as chair.
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News
Moonpig owner Photobox to cull over 5% of jobs
Photobox Group is streamlining its brands and putting 42 roles at risk of redundancy as it reorganises its personalised gifting businesses under two separate arms, Retail Week can reveal.
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Analysis
Can you compete for talent with the tech giants?
With the likes of Facebook and Google offering huge salaries to tech talent, Retail Week looks at what retailers can do to compete
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