The Works: Arts and crafts retailer’s profit slumped as demand stayed soft Business High street arts and craft retailer The Works has reported weaker sales in 2024, leading to a slump in profit. Adjusted earning before interest, tax, depreciation and amortisation fell by 30 per cent to £6m, from £9m last year, while adjusted profit before tax fell 39 per cent to £3.2m, from £5.3m in 2023. The [...]
The Works hoping to return to profit growth following challenging year Retail Discount books and crafts supplier The Works is hoping to deliver more than £8m in profits next year, following a challenging 12 months in which it closed dozens of shops across the UK.
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value Activist investor Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."