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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Jan- 2022 -21 JanuaryHigh Street
The Works H1 sales rise 30.6% to £116.1m
The Works has announced its revenues increased by 30.6% to £116.1m in the 26 weeks ending 31 October 2021 (H1 FY22), up year-on-year from £88.9m and 17.9% from pre-pandemic levels (H1 FY20). The group has also reported Pre IFRS 16 Adjusted EBITDA of £2.5m for the period, compared to £1.5m during…
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Nov- 2021 -12 NovemberHigh Street
The Works sales remain strong despite supply chain woes
The Works has remained optimistic about its full-year results despite warning of ongoing supply chain issues and higher costs in the run-up to Christmas. It comes as the group welcomed stronger than expected trading in the first half of the year, reporting a two-year LFL sales increase of 14.5% and…
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Jul- 2021 -20 JulyHigh Street
The Works welcomes ‘resilient’ FY performance despite sales hit
The Works has announced that total revenue fell by 19.7% to £180.7m in the year ended 2 May 2021, down from £225m the year before, as the group was affected by ongoing store closures amid the national lockdowns. Nonetheless, the group said it welcomed a “resilient” performance, with store like-for-like…
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May- 2021 -14 MayHigh Street
The Works sales plunge 19% in FY21
The Works has reported a 19% sales drop for the 53 weeks to 2 May, resulting in £206.2m in overall sales. This result comes after the retail chain saw its sites closed over the past year due to Covid-19 lockdowns, which it attributed to the financial outcome. During the period,…
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Jan- 2021 -22 JanuaryHigh Street
The Works reports revenue decline of 7.8%
The Works has reported a revenue decline of 7.8% to £88.9m in the 26 weeks to 25 October. The stationery and book retailer posted a pre-tax loss of £4.3m over the period, which was down from a loss of £8.5m in the same period the previous year. Trading was impacted…
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Jun- 2020 -12 JuneCoronavirus
The Works aims to reopen 465 stores next week
The Works has announced it is aiming to reopen 465 stores across England, Northern Ireland and the Republic of Ireland next week. The stationery retailer temporarily closed its stores in March due to government guidelines surrounding the coronavirus pandemic. The company said it is following government safety guidelines and each…
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Mar- 2020 -24 MarchCoronavirus
Covid-19: Debenhams, Ted Baker and The Works latest to close stores
Debenhams, Ted Baker and The Works are some of the latest retailers to close stores amid the coronavirus pandemic sweeping the UK. Debenhams said it took the “tough decision” to close stores yesterday evening as a result of the current circumstances, but hopes to reopen as soon as it is…
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Jan- 2020 -16 JanuaryHigh Street
The Works CEO steps down despite ‘solid’ Christmas sales
The CEO of gifts and crafts retailer The Works has stepped down from his role, despite the company reporting “solid” like-for-like sales in its latest trading update. Kevin Keaney held the position of CEO at The Works for almost nine years, has decided to step down as CEO and from…
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Jul- 2019 -4 JulyHigh Street
The Works FY19 revenues jump 13.2%
Stationery retailer The Works has reported a 13.2% increase in revenues in its preliminary results for the 52 weeks ended 28 April 2019. The retailer posted positive like-for-like growth of 3% during the period, driven by growth both in stores and online, and adjusted EBITDA increased by 4.2% to £13.8m.…
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May- 2019 -9 MayEntertainment
The Works click and collect service leads to sales and revenue growth
Book retailer, The Works has announced it has had a “successful year” following the introduction of a click and collect service which has seen like-for-like sales and revenue rise. Revenue at The Works for the 52 weeks to 28 April rose by 13.2% year on year, while like-for-like sales saw…
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