Card Factory PLC (LON:CARD) said it is planning to open 10% of its over 1,000 stores in mid-June with heightened safety measures.
The rest of the estate will resume trading based on the performance of the first 100 sites.
READ: Card Factory establishes new packing warehouse to meet safety requirements, online demand
Since lockdown was implemented in March, online sales zoomed up 302%, for a 153% jump in the year to date, while a new website will be launched in the coming months.
The greeting cards seller said it has enough funds to navigate the crisis, thanks to cost-cutting measures and government funding.
In the year to January 31, revenue rose 4% to £451mln, for profit before tax down 4% to £65mln.
The final dividend was not declared as previously announced and the retailer added there are no plans for distributions in the current financial year.
Analysts at Liberum said the 81% share price fall in the last year is "far too harsh", adding that the firm is a "good quality, vertically integrated, high margin and cash generative business" putting aside the COVID-19 impact this year.
Shares dipped 1% to 40.5p on Tuesday at the opening bell.
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