// The Works is celebrating a “successful year” thanks to its click-and-collect service
// Revenue increased by 13.2% year on year, while its overall like-for-like sales grew 3%
// The Works said its management team remain “confident” it will expand its store portfolio to 1000 stores in the UK & Ireland
The Works has said it is celebrating a “successful year” as it reported its total revenue and like-for-like sales have risen thanks to its click-and-collect service.
For the 52 weeks to April 28, the discount retailer said its revenue increased by 13.2 per cent year on year, while its overall like-for-like sales grew by three per cent, which the company reported to be a “particularly pleasing performance”.
The Works also said it delivered its “eighth consecutive record Christmas performance”, though its like-for-like sales for the period did “soften” due to “widely reported economic and political uncertainty”.
The Works opened 50 new stores in the period, and said the return on its new stores have been “particularly strong”.
Meanwhile, the company reported its management team remain “confident” it will expand its store portfolio to 1000 stores in the UK and Ireland.
The Works said it will continue with its strategy of rolling out new stores and that it is “well positioned for the future”.
“Overall, we have had a successful year as we continued to expand our store footprint and online proposition and introduce new customers to The Works,” The Works chief executive Kevin Keaney said.
“We achieved another record Christmas, solid like-for-like sales growth and further cash margin improvement in the year.
“Our differentiated proposition, offering a wide range of new products at outstanding value and delivered by our highly engaged colleagues, continues to be well received by our customers.
“Notwithstanding the more uncertain backdrop since January, the business has multiple growth levers and we remain confident in the future prospects for The Works,” he said.
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