High Street
The Works revenues up 5.8% in FY23 despite ‘challenging’ backdrop
Product gross margin declined due to strategic change in sales mix and higher freight costs and business rates for the retailer increased by £5.8m as Covid-19 reliefs ended
The Works’ revenues increased by 5.8% to £280.1m for the year ended 30 April 2023, up from £264.6m in FY22, and as such, the retailer said it is well-positioned to capitalise on opportunities from its strategy in the coming year.
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