The Works narrows interim losses as online sales double

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The Works boss Gavin Peck has hailed the retailer’s “robust” performance at the half-year mark as online sales surged and stores experienced strong demand when allowed to open under government guidelines.

The Works reported an adjusted pre-tax loss of £4.1m in the 26 weeks to October 25, in comparison with a loss of £7.8m during the same period the previous year.

The retailer’s revenue declined 7.8% during the period to £88.9m, which the business attributed primarily to limitations of its trading due to government-mandated store closures amid the coronavirus pandemic.

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