Clinton Cards in big trouble

Clinton Cards have announced a loss of £10.7m in the past year, across their 596 self-named stores and 127 Birthdays stores.

The previous year saw pre-tax profits of £11.97m. But the company are working hard to turn it around and have extended their credit facility with their banks until 2013.

However, they have reportedly had to ask landlords for extra time to pay their shop rents as they struggle to cope with the losses.

It has been said that Staff have not receiving all their wages (from Best Buy)

was told this time last year that clintons was in trouble but nobody believed it .all i can say is i told you so x

too many card shops in one area perhaps. at high street prices as well. could always move the shop to a cheaper place .

its the whole company kat not just the guernsey branch x