Annual sales up 6.1pc for The Works
Retail chain The Works saw sales rise 6.1 per cent to £316.6 million in the year to the end of April.
The business, which has its headquarters at Coleshill and shops selling arts, crafts, toys and books across the West Midlands, said it was a resilient performance against a challenging backdrop.
Stores represented 88.8 per cent of total sales and were up 7.5 per cent on a like-for-like basis. Online sales declined by 15 per cent.
The company expects to report adjusted earnings before tax of about £9m.
Chief executive Gavin Peck said: "The business traded well through difficult external conditions, most notably the inflationary environment, and the recovery from the cyber security incident at the start of the year.
"The store performance was strong throughout the period, demonstrating the enduring value of our store network in communities across the UK and Ireland. Online sales continued to lag behind, partially reflecting the normalisation trend seen more widely."
