The company has posted a pre-tax loss of £4.3M in the 26 weeks to October 25, 2020.
The gift, book and stationery retailer has seen its total revenue decline by 7.8 per cent to £88.9M after trading was impacted by forced store closures during the first Coronavirus lockdown. An update on trading in the 11 week period to January 10 saw sales decline by 24.8 per cent year on year. The same period saw strong online sales, 70 per cent higher than the same period last year.
Gavin Peck, The Works chief executive, said: “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.”
