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The Works warns on earnings as discounting starts early

Retailer The Works has warned it is likely to miss earnings expectations this year as it will need to ramp up discounts to compete in a tricky market. The business said the amount that customers are spending has been “subdued” as households were hit ...

09 Nov 2023 at 14:50

City

Families will want an ‘affordable’ Christmas this year, The Works says

Hobby retailer The Works has seen record “Back to School” sales as it looks forward to shoppers wanting a more affordable Christmas. The chain – which sells arts, crafts, toys, books and stationery – said that its total sales for the half year to ...

11 Nov 2022 at 12:14

City

The Works confident of return to growth after profits slump

Retailer The Works has revealed tumbling annual profits after sales and cost woes, but said it is on track to return to earnings growth over the year ahead. The arts, crafts and stationery company reported a 40% slump in underlying pre-tax ...

01 Oct 2024 at 09:19

City

The Works cuts losses as it launches new growth strategy

Crafts and books retailer The Works has slashed its losses for the past half-year, as it launched a new strategy to continue its recovery. The high street firm saw shares lift in early trading on Friday as it also hailed strong trading ...

24 Jan 2025 at 09:31

The Works shuts loss-making online shop

The Works has stopped sales through its loss-making online shop to focus on its stores. Shares in the books, stationery and crafts retailer jumped on Friday morning as investors welcomed the shift in strategy. The retail firm said it ...

20 Mar 2026 at 11:35

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