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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Nov- 2023 -9 NovemberNews
Today’s news in brief-9/11/23
Bridgestone has invested $3m for a 5% stake in Halfords’ Avayler business. Avayler, a software-as-a-service (SaaS) provider, helps automotive companies digitise their services, from online booking to invoicing. Under a 15-year Commercial Agreement, Avayler will provide Bridgestone with access to its software products and related services for use in Bridgestone’s…
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9 NovemberHigh Street
The Works lowers guidance due to sales uncertainty
The Works has announced that it has lowered its full-year guidance to an adjusted EBITDA of approximately £6.0m due to uncertainty in the second half of the year. The company stated that it anticipates trading conditions during H2 FY24 tol remain challenging and consumer spend to be subdued. However, the…
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Aug- 2023 -30 AugustHigh Street
The Works revenues up 5.8% in FY23 despite ‘challenging’ backdrop
The Works’ revenues increased by 5.8% to £280.1m for the year ended 30 April 2023, up from £264.6m in FY22, and as such, the retailer said it is well-positioned to capitalise on opportunities from its strategy in the coming year. The value retailer of arts and crafts, stationery, toys, and…
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Jun- 2023 -16 JuneHigh Street
WHSmith partners with Retail Trust to boost staff wellbeing
WHSmith is introducing new measures to support its employees’ health and happiness after partnering with retail industry charity the Retail Trust to help boost staff wellbeing. The group’s 12,000 plus employees and their families now have access to a range of personalised resources including the Retail Trust’s wellbeing helpline, counselling…
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May- 2023 -18 MayClothing & Shoes
The Works reports sales up 6.1% to £316.6m
The Works has reported that its total sales increased 6.1% to £316.6m in FY23 compared with £298.4m in FY22, against a challenging backdrop, according to its recent trading update for the 52 weeks ended 30 April 2023. Stores, which represented 88.8% of total sales, delivered a like-for-like sales increase of…
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Jan- 2023 -23 JanuaryHigh Street
The Works hails ‘resilient’ sales amid 5.7% jump
The Works has revealed it has seen a strengthening in trade since the end of its first half, with like-for-like sales increasing by 5.7% in the 11 weeks ended 15 January. The retailer also saw strong performance in-store where sales rose by 9.7%, although online sales declined by 14%, which…
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Nov- 2022 -11 NovemberDIY
The Works sales rise in H1 despite online slowdown
The Works has reported total sales for the half-year increased by 2.1%, with total like-for-like sales having increased 0.6%. Store trading was also positive, having increased by 3.5% on a like-for-like basis. However, the group’s online sales declined by 16.9% over the period, though results show it is still 50%…
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Sep- 2022 -23 SeptemberHigh Street
The Works revenues rise by 46.5% in FY22
The Works has welcomed “strong” financial results in FY22 and made strategic progress as the group’s total revenue reached £264.6m for the 52 weeks ended 1 May 2022, spelling an increase of 46.5% in revenues against the prior year. It is reported that the group’s profit before tax also hit…
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May- 2022 -20 MayHigh Street
The Works warns of trading slowdown despite ‘strong’ FY22
Arts and crafts and book retailer The Works has warned it has experienced a slight slowdown in recent trading due to the cost of living crisis, despite reporting a “strong” FY22 performance. In a trading update for the 52 weeks ended 1 May 2022, the retailer revealed it was trading…
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Apr- 2022 -5 AprilHigh Street
The Works forced to close stores amid cyber security incident
The Works has confirmed it has been victim to a cyber security incident involving unauthorised access to its computer systems, which led to several temporary store closures. The retailer said the incident caused “some limited disruption” to trading and business operations, including the closure of some stores due to till…
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