The Works
This coverage examines The Works’ strategy, operations, and performance within the UK retail sector. Reporting highlights store openings, e-commerce developments, product range updates, marketing initiatives, and leadership decisions that shape its approach to value-focused retailing. Designed for retail executives, brand managers, and operations professionals, the content provides insights into how The Works navigates consumer trends and competitive pressures in books, crafts, and stationery.
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Aug- 2025 -15 AugustSupermarkets
Aldi to upgrade more than 20 stores by end of 2025
Aldi is set to upgrade more than 20 of its UK stores before the end of the year, including two major extensions in Cumbria and Wales. Its stores in Barrow-in-Furness and Ebbw Vale will undergo full-scale extensions between now and December, while a further 21 sites will receive internal improvements…
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1 AugustEntertainment
The Works appoints former Dunelm CEO as non-exec director
The Works has announced the appointment of former Dunelm CEO, Nick Wharton, as independent non-executive director starting from today (1 August). According to the arts and crafts retailer, its plan is for Wharton to become chair of the audit committee after the group’s annual general meeting. News of the appointment…
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Jul- 2025 -22 JulyHigh Street
The Works PBT jumps 20% to £8.3m
The Works has revealed that its profit-before-tax rose 20.3% to £8.3m for the year ended 4 May 2025, up from £6.9m in the previous year. Alongside this, the company delivered total revenues of £277m, a decrease of 2% from the prior year, which benefitted from an additional trading week. The…
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Jun- 2025 -3 JuneProperty
Northern Ireland’s Abbey Centre sold to new owner for £59m
Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market deal for £58.8m. The 320,000 sq ft shopping centre, located six miles north of Belfast City Centre in Newtownabbey, houses over 70 shops and has a “strong” convenience offer, together…
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May- 2025 -22 MayDIY
The Works ups profit guidance as turnaround bears fruit
The Works has upgraded its FY25 profit guidance and is expecting to deliver approximately adjusted EBITDA of £9.5m compared with £6m in FY24, following good progress with its turnaround strategy. The group is also targeting profit growth in excess of current market expectations of the £10m adjusted EBITDA in FY26.…
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Jan- 2025 -24 JanuaryNews-In-Brief
Today’s news in brief-24/1/25
Morrisons has announced plans to cut over 200 jobs as part of a restructuring effort aimed at reducing costs and enhancing operational efficiency. The proposed changes include the removal of regional people managers, store people managers, and case specialists. The company intends to replace these roles with a centralised structure,…
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24 JanuaryHigh Street
The Works maintains guidance as HY revenues rise 1.3% to £124m
The Works is maintaining its full-year guidance as total revenues rose 1.3% to £124.2m in the first half of FY25, despite like-for-like sales declining by 0.8% during the period. It comes as The Works managed to narrow its pre-IFRS16 adjusted EBITDA loss to £2.8m from a high of £8.5m a…
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Oct- 2024 -1 OctoberNews
Today’s news in brief-1/10/24
Mulberry has turned down an £83m acquisition bid from Frasers, arguing it undervalues the company’s potential. Frasers offered 130 pence per share for a 36.8% stake, prompting Mulberry’s board, backed by majority shareholder Challice, to reject the offer and focus on CEO Andrea Baldo’s turnaround strategy. Authentic Brands Group has…
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1 OctoberHigh Street
The Works ‘well-positioned’ for Xmas despite PBT drop
The Works has seen its profit-before-tax fall to £6.9m for the year ended 5 May 2024, down from £9m last year. Despite this, the company believes it is “well-positioned” for profit growth in FY25, especially as it enters the Christmas period. The company’s revenue edged up 0.9% to £282.6m compared…
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May- 2024 -21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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