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The Works hails ‘robust’ interim performance as online sales double
Source: Mintel 25-01-2021

UK 25-01-2021

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For the 26 weeks to October 21 2020, revenue for The Works was down 7.8% to £88.9 million while like-for-likes grew 10.6%. Pre-tax loss for the period was £4.3 million compared to £8.5 million a year before.

Gavin Peck, Chief Executive Officer of The Works, commented: "Our interim results and trading over the crucial Christmas period reflect a robust performance given the impact of store closures as a result of Government restrictions. When open, our stores have performed well and our online proposition has continued to resonate strongly, supported by the investment we made to increase online capacity.