Retailer’s profits soared ahead of going public
The Works delivered a 40% increase in pre-tax profits in its final full year as a private company.
Accounts filed at Companies House show that was achieved on a 15% increase in sales, which rose to £192.1m in the year to April 29.
The Works added 60 stores during the year and continued to rebrand its existing store estate to TheWorks.co.uk, with around 70% now converted.
Online sales grew 37% in the year, driven by its click-and-collect offer, while its loyalty scheme had 1.1m active members.
Victoria Norrish, who moved f... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...